- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
The White House Proposes Legislation to Require U.S. Taxpayers to Report and Pay Taxes on Overseas Cryptocurrency Accounts
BlockBeats News, July 31st, according to Decrypt's report, on Wednesday local time, the White House proposed to Congress to consider legislation that would require U.S. taxpayers to report their "overseas digital asset accounts." The Trump administration stated that this move would help prevent Americans from moving cryptocurrency assets abroad.
The policy proposal stated that this policy shift would "promote the development and use of digital assets in the United States and alleviate concerns from the outside world that the lack of reporting mechanisms could put the United States or U.S. digital asset trading platforms at a disadvantage."
This proposal is one of several proposals in a 168-page crypto report released by the Digital Asset Market Working Group on Wednesday. The working group is led by White House Director of Crypto and Artificial Intelligence David Sacks.
You may also like
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
On-Chain Options Explosion.ActionEvent
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
AI Agent needs Crypto, not Crypto needs AI
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App