Blockchain Insider Podcast by 11:FS cover image

168. News: Solana and Nomad are hacked, while US senators push for tax-free crypto transactions

Blockchain Insider Podcast by 11:FS

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Cryptocurrency in the Market Place

us. Senators are trying to free americans from tracking taxes every time crypto curences changes hands. The bill would exempt them from reporting any transactions up to 50 dollars, or any trade in which they earn less than 50 dollars. Senator patrick tome, a republican, joined with christian sinema, a democrat, to push the exemption of tax requirements for crypto users making small investments or purchases.

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