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US Senators propose bill to exclude crypto transactions under $50 from taxes. Another step in the right direction.

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by COINS NEWS 155 Views

Just now two US Senators have proposed a bill to congress that would exempt crypto transactions under $50 from crypto taxes. Good to see some people pushing for the right regulation of Crypto while keeping crypto adoption and government protection equally on sight.

Some may say that no crypto taxes at all would have been better but I disagree here, there should be no problem in giving some money to the government for public services (whether they actually do that is the other question) I mean we are protesting so that rich people should pay taxes so we should pay too. And under $50 seems like a very reasonable mark depending on how high the tax would be over that.


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