Andreessen Horowitz crypto executive Miles Jennings criticized Illinois’ newly enacted Digital Asset Privilege Tax Act on June 17, calling it “one of the most anti-crypto laws in the US.” The law imposes a 0.2% tax on the exchange, transfer, and custody of digital assets, with no meaningful exemptions for routine self-custody moves. Backlash From the […]
Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]
Profiting from crypto feels great, but it can also come with painful tax bills. Smart investors, however, understand there are legal ways to reduce (or even avoid) paying taxes on their crypto gains in 2025. Whether you’re just trading, staking, or simply HODLing your crypto, understanding how tax rules apply to digital assets can undoubtedly […]