CLARITY Act News: Lummis Slams Democrats As Crypto Tax Reform Gains Urgency

The post CLARITY Act News: Lummis Slams Democrats As Crypto Tax Reform Gains Urgency appeared first on Coinpedia Fintech News

The Blockchain Association has urged Congress to overhaul US crypto tax rules while the CLARITY Act remains stuck in the Senate. The industry group said current tax requirements for digital assets are hard to follow and need clearer guidance. Its proposals include a tax exemption for small transactions with network fees of $10 or less, …