Svmuu News: Steve Daines, the Republican tax draftsperson for the U.S. Senate, stated that the cryptocurrency tax legislative framework currently being advanced by the Senate is largely finalized, and the relevant bill could be unveiled as early as this fall.
Daines noted that the framework has “more similarities than differences” with the cryptocurrency tax proposal previously released by the U.S. House Ways and Means Committee, and he hopes to hold a legislative markup session later this year to advance the bill’s review process.
However, Daines did not disclose the specific provisions of the bill. (Bloomberg)