U.S. Senators are urging the Treasury Department to revise cryptocurrency tax regulations to ensure American companies remain competitive in the global market. Senator Cynthia Lummis and her colleague […]
US Senators Propose Crypto Tax Exemption for Unrealized Gains
Two U.S. senators, Cynthia Lummis and Bernie Moreno, are calling for a change to the tax code that would exempt unrealized cryptocurrency gains from taxation. Their proposal aims […]
U.S. Senators Push Treasury for Digital Asset Tax Reform
Two U.S. senators have urged Treasury Secretary Janet Yellen to modify a tax provision impacting corporate ownership of digital assets. In a May 12 letter, Senators Cynthia Lummis […]
Trump’s Tax Plan: Erasing Taxes on Tips, Overtime, and Social Security
This plan has sparked debate among GOP members who are grappling with its fiscal impact and potential for increased costs. While Republicans hold majority control over both the […]
Missouri Eliminates Capital Gains Tax on Crypto & Stocks: A Bold Tax Reform
Missouri has taken a bold step in tax reform, eliminating capital gains taxes on cryptocurrencies and stocks starting in 2025. The bill, pending the governor’s signature, could significantly […]
Missouri Drops Capital Gains Tax: Potential Boon for Crypto Investors
Governor Mike Kehoe of Missouri has signed a bill to abolish capital gains tax, making his state the first in the U.S. to do so. The move, now […]
Missouri Removes Capital Gains Tax on Crypto Investments
Missouri has taken a bold step by exempting capital gains from state income taxes, impacting the cryptocurrency industry and other assets. The new law will take effect in […]
Senator Proposes Overtime Tax Relief Bill: Aiming to Support American Workers
Senator Roger Marshall has introduced a bill to exempt specific overtime earnings from federal income taxes, aiming to provide financial relief to working Americans. This proposal could significantly […]
Trump Advocates Tax Cuts in Michigan Speech
During a recent speech in Michigan, U.S. President Donald Trump focused on economic matters, particularly highlighting support for a proposed tax reform agreement intended to lower individual income […]
U.S. House Approves Tax Cuts & Debt Ceiling Raise, Impacting National Finance
The U.S. House of Representatives passed a major fiscal policy package including Trump’s tax cuts and a debt ceiling increase, altering the nation’s financial landscape. This decision significantly […]
US Crypto Tax Changes Unveiled for 2025: Impact and Implications
The US government has announced significant changes to cryptocurrency tax regulations, set to take effect in 2025, impacting crypto investors and traders nationwide. These reforms emphasize enhanced reporting […]
House Moves to Repeal Controversial IRS Rule Impacting DeFi
The U.S. House of Representatives has taken a significant step towards reforming regulations for decentralized finance (DeFi) protocols. The Ways and Means Committee voted in favor of repealing […]