New USA crypto bill is coming.

[Mr Positive]

Okay the details are sketchy but it’s clear It’s coming, I’m keeping fingers crossed it doesn’t crash the crypto market and we can yet deal via non kyc ways. So any purchases you’re planning keep in mind if it’s negative prices may crash, if it’s not as scary as the hype then hopefully we may see some rally emphasis on the word may.

I don’t know which link to share as each has some political content which can derail this thread so use search engines to read about this. Good luck the crazy crypto ride just got crazier.

 

[N1ckG2]

I don't think this alone can crash the market and even the war didn't crash it much till now.

People are going to get used to pay tax as they do it with everything else.

 

[Sunya]

Exchanges and Stable Coins are not decentralised. Anything centralised has a central point of control, which can be regulated.
This bill will not have much impact on any other aspects of crypto.

 

[servius]

For someone who knows it is very easy not to pay taxes on cryptocurrencies, it is not so important

 

[filiposlovni]

Okay the details are sketchy but it’s clear It’s coming, I’m keeping fingers crossed it doesn’t crash the crypto market and we can yet deal via non kyc ways. So any purchases you’re planning keep in mind if it’s negative prices may crash, if it’s not as scary as the hype then hopefully we may see some rally emphasis on the word may.

I don’t know which link to share as each has some political content which can derail this thread so use search engines to read about this. Good luck the crazy crypto ride just got crazier.

Just use non USA crypto exchanges or use IRL crypto wallets

 

[awesomewebsites]

Is it coming today ?

 

[india]

Crypto will survive all these bills.

 

[i_am_that_i_am]

lots of

I don’t know which link to share as each has some political content which can derail this thread so use search engines to read about this.

there are a handful of links using the search , i dont know which one you mean.

 

[seomaster5]

Crypto will survive all these bills.

This one will have bif impact. If there are strict rules against crypto in this bill, expect prices to reduce to half.

 

[k2h2]

This can be a historical moment for crypto. Based on the content of the bill, the market will respond.

 

[prmotionme]

With the bitcoin rate, it's like the 2nd month it's been preparing for this bill. And the whole world as well. In general, the easiest way to really use cryptocurrency exchanges outside the USA, such as European ones.

 

[Reddex]

Can you please elaborate on which bill this is, I see 20 different things when I search for US crypto bill.

 

[StratoValhalla]

Was this related to the Biden statement?

 

[GiraffeBurgersAndFries]

For better or worse, regulations are needed if crypto is to become even more adopted by the mainstream IMO.

Biden just put out an executive order on cryptocurrencies — here’s everything that’s in it

 

[ExperimentalSEO]

Crypto doesn't need regulations it just needs a stable price that is increasing in value at most around 10% per year, and it also needs more easier ways to send and receive payments without using centralized payment processors.

 

[foghorn]

Crypto doesn't need regulations it just needs a stable price that is increasing in value at most around 10% per year, and it also needs more easier ways to send and receive payments without using centralized payment processors.

If crypto isn't regulated the giant bag holders will have too much power like now. If crypto is regulated the global elites of old keep controlling your money as normal. They will not be replaced without a fight to the death.

For someone who knows it is very easy not to pay taxes on cryptocurrencies, it is not so important

Yea tell that to the new IRS. You're thinking you're dealing with the old IRS, that's your problem.
https://www.politico.com/news/2021/05/20/irs-funding-boost-48983087k is old news too. The new number is 100k.

 

[moonshine7000]

Go to a tax haven