U.S. Bipartisan Lawmakers Reintroduce FAIRness Act with $200 Crypto Tax Exemption Proposal on Wednesday

According to CoinDesk, U.S. bipartisan lawmakers Horsford, Miller, DelBene, and Carey reintroduced the FAIRness Act on Wednesday, proposing four key provisions: stablecoins incur no gain or loss if redeemed at least 99% of cost basis, broker trading safe harbors, clarified wash-sale rules for digital assets, and IRS assessment of a potential tax exemption for crypto transactions under $200. Horsford stated that tax policy forms the foundation of the crypto regulatory framework, with current law leaving many core digital asset issues unaddressed.
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