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Cryptocurrency Cointelegraph

Proposed US bill wouldn’t allow taxing block rewards at acquisition

If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Proposed US bill wouldn’t allow taxing block rewards at acquisition

If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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