Washington Moves To Review Crypto Tax Rules With New IRS Study Bill

Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset transactions are taxed in the United States. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Study, Not An Exemption A bipartisan group of House