Republican Senator Steve Daines Releases Text of Proposed Crypto Tax Plan

Republican Senator Steve Daines unveiled the full text of a new cryptocurrency tax bill, aiming to bring clarity to the taxation of digital assets, including stablecoins.

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Federal Reserve researchers mapped a path for payment stablecoins to enter M1 or M2, but flag reserve double-counting and geography gaps that must be fixed first.

#Fed #GeniusAct #MoneySupply #StablecoinRegulation #Stablecoins #Usdc