THIS IS HUGE FOR CRYPTO.
🇺🇸 Stablecoin transactions could soon be “TAX-FREE” in the U.S.
This comes as part of the revised PARITY Act crypto tax bill.
“In the case of any sale of a regulated payment stablecoin, no gain or loss shall be recognized on such sale”
The bill removes the prior $200 threshold for small crypto transactions and sets a $1 cost basis for certain exchange.
🇺🇸 Stablecoin transactions could soon be “TAX-FREE” in the U.S.
This comes as part of the revised PARITY Act crypto tax bill.
“In the case of any sale of a regulated payment stablecoin, no gain or loss shall be recognized on such sale”
The bill removes the prior $200 threshold for small crypto transactions and sets a $1 cost basis for certain exchange.
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