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#CryptoTaxReform #ClarityOrChaos #BlockchainPolicy #TaxCode2.0 #RegulatoryWakeUp
Transcript
00:00The U.S. Sena just held a hearing that could change everything about how you pay taxes on crypto.
00:07Right now, every crypto transaction, even buying a coffee, creates a taxable event,
00:13a compliance nightmare driving businesses away from digital assets. The Senate Finance Committee
00:18addressed this, with the chair admitting the tax code lacks clear answers for digital asset
00:24transactions. Proposed solutions include a de minimis exemption for small transactions.
00:29Clearer rules on when gains are taxable and simplified reporting. A policy lead warned that
00:38without reform, billions of transactions will need exhaustive reporting, killing crypto's usefulness
00:44for everyday payments. This hearing signals momentum. If Congress acts, crypto could become
00:50usable for daily transactions without the tax paperwork. For now, uncertainty continues.
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