Crypto lobby Blockchain Association pitches tax plan to Congress
The Blockchain Association is advocating for a new tax plan aimed at Congress to promote the growth of the cryptocurrency industry. The proposal includes provisions to clarify tax treatment for digital assets and seeks to eliminate barriers that hinder innovation. The association argues that the current tax framework is outdated and not conducive to the evolving crypto landscape. By presenting this plan, the Blockchain Association hopes to foster a more favorable regulatory environment for blockchain technology and digital currencies.
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