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Important Bill in US Congress Regarding Taxing of Crypto

taskmaster4450 3Speak Podcast
taskmaster4450 3Speak Podcast
Episode • May 1, 2024

https://3speak.tv/watch?v=taskmaster4450/zfkagekn
Note: The bill does included staking rewards as created property.

Here is the article mentioned in hte video:

https://cointelegraph.com/news/crypto-mining-block-rewards-taxes-legislation

In this video I discuss how there is a bill that was presented in Congress that would alter the US tax code and treat crypto that comes as a result of block production (for either PoW or PoS) as created property. This means the tax implications would not be applied when it is received but, rather, when it is sold.

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