Taxes

Illinois became the first U.S. state to impose a transaction-based crypto tax after Gov. JB Pritzker signed SB 3019 into law.

With no capital gains tax on Bitcoin, no wealth or inheritance taxes, and competitive incentives for tech businesses, the reform solidifies El Salvador’s status as a Bitcoin-friendly jurisdiction targeting entrepreneurs and families.

Arizona state Senator Wendy Rogers has introduced legislation and a constitutional amendment to exempt virtual currency from property taxes and protect blockchain node operators from local taxation, positioning the state as more crypto-friendly.

Rep. Warren Davidson introduced the Bitcoin For America Act today, letting Americans pay taxes in Bitcoin to fund a Strategic Bitcoin Reserve.

Despite a push from Senator Cynthia Lummis (R-WY), an amendment regarding de minimus capital gains exemption on crypto spending was not included in the version of the One Big Beautiful Act that passed in the Senate.

A look at the potential taxation landscape Bitcoin holders could have to deal with in 2025 with looming changes on the horizon.

Panama City becomes the first government institution in the country to accept Bitcoin and cryptocurrencies for public services.

A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes.

By eliminating capital gains taxes on Bitcoin, the Trump administration can spur U.S. innovation, strengthen the nation’s economic sovereignty, and ensure everyday Americans gain equal footing in the world’s rapidly evolving digital economy.

An argument for why tax treatment of bitcoin is a massive disincentive for its use in commerce.