Senators propose most cryptocurrencies be classified as commodities in massive bill, but in some ways ‘it will be a struggle to decipher,’ expert says

Senators Cynthia Lummis and Kirsten Gillibrand propose that cryptocurrencies and digital assets that are “fully decentralized” be treated as commodities, naming Bitcoin and Ether as examples. A KPMG digital asset tax principal says it could be hard to sort out which is which. Read More