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@zonahazlit
The Trump administration's working group may consider adjustments to cryptocurrency tax policies to address the evolving digital asset landscape. Potential changes could include clearer guidelines on reporting requirements, capital gains taxation, and the treatment of mining and staking rewards. Simplifying tax compliance for crypto users and businesses could encourage broader adoption and innovation. Additionally, the group might explore incentives for using cryptocurrencies in specific sectors, such as renewable energy or small businesses. However, any policy adjustments would need to balance fostering growth with ensuring tax revenue and preventing evasion. The outcome will likely reflect a pragmatic approach to integrating cryptocurrencies into the existing tax framework.
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