Two American Senate members, Treasury Secretary Scott Beesen, call for “exercise [the department’s] Power “and changing a clause affects taxes on companies’ possessions of digital assets.
In the May 12 Message, Senator Cinema Loms and Bern Moreno Proposal BESSENT had the authority to change the definition of “amended financial statement” under the current American law in a way that could reduce what digital asset companies pay in taxes. The proposed amendment was proposed as a means of amending a ruling from the law to reduce inflation, signed in the law in 2022.
“The advantage of digital financing is at risk if American companies are more than foreign than foreign competitors,” He said Lummis in the May 13 job.
According to a member of the Senate, the proposed amendment will provide a “relief for companies that invest in digital assets.” Lummis was one of the most defenders of digital assets in Congress, while Moreno took office in January after the encryption political action committees It spent about 40 million dollars To support his race in the Senate 2024.
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The law to reduce inflation, which entered into force in 2023, imposes a 15 % less tax on companies of more than one billion dollars than three consecutive years. Apparently, this measure will include unrealistic gains and losses, leading to Lummis and Moreno invitations to the Treasury Ministry to “act quickly”.
The Senate is awaiting the second vote on the Stablecoin Bill
The invitation came from the members of the Senate as legislators of the Senate You are expected to consider another vote To direct and create the national innovation of American Stablecoins, or Genius Law – legislation to regulate Stablecoins payments in the United States. A proposal to look at it He failed to move forward On the Senate on May 8 because of the democratic lawmakers who return to Donald Trump’s ties to the encryption industry.
Lummis, one of the sponsors of the draft law, Proposal It will continue to support the regulation of digital assets. The Senate can make another vote within days.
magazine: The best and worst country for encryption taxes – in addition to encryption tax advice
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