Ferguson Introduces the Providing Tax Clarity for Digital Assets Act
May 01, 2024
May 01, 2024
WASHINGTON, May 1 -- Rep. A. Drew Ferguson, R-Georgia, issued the following news release:
U.S. Congressman Drew Ferguson (R-GA) and Congressman Wiley Nickel (D-NC) recently introduced H.R. 8149, the Providing Tax Clarity for Digital Assets Act, a bipartisan bill that would clarify within the tax code that digital asset rewards be collected at the point of sale and codifies staking rewards as created property. The bill also explicitly prevents any future situations of double taxation . . .
U.S. Congressman Drew Ferguson (R-GA) and Congressman Wiley Nickel (D-NC) recently introduced H.R. 8149, the Providing Tax Clarity for Digital Assets Act, a bipartisan bill that would clarify within the tax code that digital asset rewards be collected at the point of sale and codifies staking rewards as created property. The bill also explicitly prevents any future situations of double taxation . . .