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Build Back Better bill could drop tax on small crypto payments
A renewed push to exempt small cryptocurrency transactions from taxation is gaining traction ahead of an imminent Senate vote on amendments to the Build Back Better bill. The Build Back Better Act was introduced in the 117th Congress. This comprehensive social and climate spending plan supports President Joe Biden's economic agenda, investing in renewable energy, healthcare, education, and the family services sector. Beyond social infrastructure, the bill also includes changes to crypto regulation and taxation. Proponents argue for a tax exclusion on purchases of digital currency under $600, noting that micropayments ... (full story)
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