The U.S. Senate Finance Committee unveiled a plan on Tuesday to address the tax treatment of digital assets and sought input from consultants, stakeholders, and stakeholders.
Due to the SEC’s actions and the exceedingly unstable market environment they have created, several American bitcoin companies have already looked to expand their operations abroad.
To help them better understand how Congress is reacting to tax concerns, Senate Finance Committee Chairman Ron Wyden and Finance Committee ranking member Mike Crapo invited representatives of the cryptocurrency community and other stakeholders.
Senate lawmakers gave bitcoin trade gamers until September 8, 2023, to respond to their requests.
