Senator Loomis’ bill would exempt bitcoin payments from tax in the United States.

The long-awaited bipartisan proposal to regulate Bitcoin (BTC) and cryptocurrencies in the United States, was put forward by US Senators Cynthia Loomis and Kirsten Gillibrand on June 7. The proposal proposes the establishment of a New Federal Stable Coin LawAnd taxes on small payments and the powers of the regulators, trying to promote the advancement … Read more