Senate Finance Chair Crapo Wants Crypto Tax Legislation Completed This Year
JH Kim
Summary
- Senate Finance Committee Chairman Mike Crapo said he wants to complete legislation on cryptocurrency taxation by the end of this year.
- He said he wants to finish work on the crypto tax bill before year-end, according to the report.
- The House Ways and Means Committee approved the Digital Asset Tax Clarification Act (H.R. 10357) by a vote of 38 to 5.
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Senate Finance Committee Chairman Mike Crapo said he wants to wrap up legislation on cryptocurrency taxation by the end of this year.
Crypto Briefing reported on October 30 that Crapo wants Congress to finish work on a crypto tax bill before year-end.
Earlier, the House Ways and Means Committee approved the Digital Asset Tax Clarification Act, H.R. 10357, by a 38-5 vote.
The bill has cleared the House Ways and Means Committee and now heads to the full House.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.