سینیٹر وائیڈن کا خیال ہے کہ کرپٹو ٹیکسیشن کو "حقیقی حل" کی ضرورت ہے

اگست 2، 2021by مارک مرڈاک

2 اگست 2021 / بے چین ڈیلی / لورا شن

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ڈیلی بٹس ✍️✍️✍️

• Ethereum’s London hard fork is set to شروع this week (August 4th).

• Kentucky has حکم دیا BlockFi to stop opening new accounts in the state.

• Wealthfront clients now have تک رسائی حاصل to GBTC and ETHE.

• The number of crypto holders has دگنی since January, according to a report from Crypto.com (which, disclosure, is a sponsor of my shows).

• The average CryptoPunk price has چاول 53% in the past week, highlighted by a $3.7M purchase from Gary Vaynerchuk.

• The President of Ukraine signed a bill that would allow the جاری کرنے of a CBDC.

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آپ کا کیا مطلب ہے؟

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Poppin' کیا ہے؟

The language regarding the bipartisan infrastructure bill that intends to bring in $28B in crypto taxes is still under review, according to Jerry Brito, executive director of Coin Center.

Brito reports that the original wording of the bill has been تبدیل کر دیا گیا. He says that it is “better than where it started,” although he is still concerned about miners being shoehorned into the deal. The language, he said, is “still not good enough to clearly exclude miners and similarly situated persons” from being designated as a broker.

Brito also noted that while the phrasing was changed, it has not been finalized, tweeting:

Relatedly, in a پیغامات from early Sunday afternoon, Senator Ron Wyden criticized an earlier draft of the crypto provision from the bipartisan infrastructure bill.

Wyden started by acknowledging that crypto taxation in the US is an issue, saying, “Americans avoiding paying the taxes they owe through cryptocurrency is a real problem that deserves a real solution.”

However, he argues that the bill, as written, attempts to squeeze money out of the cryptocurrency industry without understanding the underlying technology they are legislating.

“The Republican provision in the bipartisan infrastructure framework isn’t close to being that solution. It’s an attempt to apply brick and mortar rules to the internet and fails to understand how the technology works,” said Wyden.

Wyden and Brito are far from the only ones concerned about the bill (and the possible KYC ramifications for a wide array of crypto participants).

To recap…

News broke last Thursday that tucked inside the $550B infrastructure bill was a provision looking to raise $28B from the crypto industry by expanding the definition of a broker.

کرسٹن سمتھ ، بلاکچین ایسوسی ایشن کے ایگزیکٹو ڈائریکٹر بتایا CoinDesk, “We interpret this to mean software wallet developers, hardware wallet manufacturers, multisig service providers, liquidity providers, DAO token holders and potentially even miners,” would have to begin reporting their transactions.

Jake Chervinsky, general counsel at Compound Labs, اتفاق کرتا ہے with Smith. In his opinion, such a mandate defies logic, citing various reasons, including:

1. It would be nearly impossible for miners to collect KYC data from pseudonymous users using DeFi protocols.
2. For every dollar gained in tax revenue, multiples will be lost as US crypto participants move offshore or underground.
3. The fourth amendment may offer protection from heightened government surveillance without a warrant.

Coin Center’s Neeraj K. Agrawal also chimed in on the bill, mirroring many of Chervinsky’s points:

Once the wording is cemented, multiple Senators professed hope to get the bill passed, with support, by the end of the week, as رپورٹ کے مطابق CNN کی طرف سے.

For updates on this developing story, I recommend following جیری برٹو, جیک چیرونسکی، اور Ali Zaslav. For the non-Twitter savvy, you can read up یہاں, یہاں، اور یہاں.

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تجویز کردہ پڑھیں

• Money’s Millika Mitra on how Gen Z is using crypto as a tool for financial freedom:

• Mario Gabriele, who writes the Generalist newsletter, published a deep-dive on FTX’s Sam Bankman-Fried:

• The Guardian on Bitcoin and Nigeria:

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پوڈ پر…

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آپ اسے یہاں خرید سکتے ہیں: http://bit.ly/cryptopians