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Biden Administration Backs Controversial Plan To Tax Proof-Of-Stake Cryptocurrency

Biden Administration Backs Controversial Plan To Tax Proof-Of-Stake Cryptocurrency
As the user base for cryptocurrency grows, so too do politicians and regulators looking to stymie the situation due to taxation and illicit activity concerns. Now, President Biden has backed a plan to tax proof-of-stake cryptocurrencies such as Ethereum via an amendment to a major bill advancing in the U.S. Senate.
The amendment that would

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Author: Nathan Ord