Cryptocurrency Shines: U.S. Senators Defend the Industry with New Tax Proposal!

Senators Cynthia Lummis and Bernie Moreno have sent a letter to the U.S. Department of the Treasury, proposing adjustments to the new tax regulations that disadvantage crypto-holding companies. This regulation requires a minimum tax of 15% (CAMT) based on the asset value, including unrealized gains from crypto – even if not sold. This could lead to unfairly high taxation for companies.

The two senators are calling for a revision of the tax calculation method to protect companies, avoiding a fire sale of crypto, and losing competitive advantage against foreign rivals. This urgent action aims to promote innovation and fairness for the digital finance industry in the U.S. With Bitcoin ($104,000) and Ethereum ($2,500) growing, alongside crypto fund inflows reaching $3.4 billion last week and a forecast of accumulating $330 billion into Bitcoin by 2029, this support promises to lead the cryptocurrency market to sustainable and strong development in the long term.

Risk Warning: Crypto investment carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating.