On Tuesday, the U.S. Senate Finance Committee launched a proposal to address uncertainty surrounding the tax treatment of digital assets, seeking input from experts, stakeholders and stakeholders.
The SEC’s actions have already caused several U.S. cryptocurrency firms to seek to do business elsewhere amid a highly uncertain market environment involving repeated enforcement actions.
Senate Finance Committee Chairman Ron Wyden and Finance Committee ranking member Mike Crapo invited members of the BTC 0.41%-in-wake-of-silicon-valley-bank-collapse/">crypto community and other stakeholders to help them better understand how Congress is responding to tax challenges.
Senate leaders set a rolling deadline, September 8, 2023, to receive responses from cryptocurrency industry players.
