Crypto's Long-Sought 'De Minimis' Tax Break Gets a House Markup This Week
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US House crypto tax package omits mining, staking reward deferral
The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
Trade groups seek to block Illinois crypto tax before January effective date
Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose costly compliance burdens.
German finance ministry proposes 25% crypto tax starting 2028: report
The German Ministry of Finance is reportedly seeking to impose a 25% tax on cryptocurrencies, departing from current laws that make crypto gains tax-free after one year of holding.
Ireland excludes crypto from new tax-advantaged investment accounts
Ireland’s planned investment accounts will offer tax benefits for stocks, bonds and ETFs, while excluding crypto and derivatives as higher-risk products.
Chainalysis estimates $457B in taxable crypto activity, says CARF misses most
The blockchain analytics firm said just 14% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework.
Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.