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H.R. 5082

Cryptocurrency Tax Clarity Act

Cryptocurrency Tax Clarity Act

This bill modifies the definition of broker for tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.

Referred to the House Committee on Ways and Means.

Rep. Soto, Darren [D-FL-9](D-FL)Sponsor
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Cryptocurrency Tax Clarity Act — Informed