Tax Legislation

Good news for Bitcoin holders: The U.S. Treasury clarified that unrealized crypto gains won’t be taxed under CAMT, sparing firms from tax liabilities as Congress debates digital asset taxation.

Bitcoin is the only commodity for which miners are taxed by the IRS both when they mine bitcoin and when they sell bitcoin.

The bill proposes a $300 exemption for small Bitcoin and crypto transactions, defers taxes on mining and staking until assets are sold.