US Congressman Seeks Tax Clarity for Cryptocurrencies

United States Congressman (R-N.C.) Ted Budd testified to the House of Representatives Ways and Means Committee on purported issues with current tax laws on cryptocurrencies, as per a video of the testimony released on June 4.

Congressman Budd argued that cryptocurrencies should have a de minimis tax exemption like foreign currencies.

Budd commented that he cosponsored bill H.R.3708,

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