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Stock impact report

New crypto draft skips Bitcoin tax exemption [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
A new U.S. crypto tax discussion draft is drawing early criticism for what it includes and what it leaves out. On Thursday, Representatives Max Miller and Steven Horsford released the “Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields Act,” or Digital Asset PARITY Act The proposal aims to modernize how digital assets are taxed under the Internal Revenue Code of 1986, offering long-awaited clarity for parts of the crypto market. Related: Crypto Tax Season Is Here. Here's What You Need to Know But the details reveal a clear tilt. The draft introduces a de minimis exemption for stablecoin transactions under $200, meaning small payments would not trigger capital gains taxes or reporting requirements. It also clarifies that dollar-pegged stablecoins will not incur gains as long as their value remains within 1% of $1. In effect, the bill treats stablecoins more like cash. Stablecoins are cryptocurrencies designed to maintain a stable value b Show less Read more
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