U.S. Lawmakers Urge Treasury to Revised Proposed Crypto Tax Rules

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Bipartisan Lawmakers Rally Against Proposed Digital-Assets Taxation.

Lawmakers, Led by McHenry and Torres, Urge Treasury to Revise Taxation Plan.

Concerns Over Broad Definition of "Broker" and Inadequate Digital Asset Classification 

Shortcomings of Proposed Regulations: Lawmakers Label Tax Reporting Requirement "Unworkable" 

Public Backlash: Over 124,000 Comments Received during Comment Period. 

Timeline and Future Developments: Final Version Months Away with Possible Revisions 

Industry and Lawmakers Unite: Shared Concerns for the Future of Digital Assets in the U.S.

Conclusion: Collaborative Efforts Needed for a Balanced Regulatory Framework.

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