US Lawmakers Propose Stablecoin Tax Relief, Staking Deferral Bill
A bipartisan group of U.S. lawmakers has drafted a tax bill that includes provisions for stablecoins and staking. According to reports, the proposal seeks to exempt certain stablecoin payments from capital gains taxes. Additionally, the bill would potentially allow individuals involved in staking to defer income recognition for up to five years. The development aims to provide clarity and potential tax benefits for participants in the stablecoin and staking sectors.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.