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Published 27 days ago

Has a 1% tax on Bitcoin holders been proposed by a U.S. Senator?

Summary by Finbold
In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent by Senator Elizabeth Warren to President Biden. The letter detailed a proposed piece of legislation titled the ‘Cryptocurrency Reporting and Wealth Tax Act’ and urged its implementation. In the document, Senator Warren highlighted that digital assets present both opportunities and challenge…

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Has a 1% tax on Bitcoin holders been proposed by a U.S. Senator?

In the morning of Monday, April 22, Dennis Porter, the CEO, and co-founder of the Satoshi Action Fund, caused a stir on X as he shared a supposed letter sent by Senator Elizabeth Warren to President Biden. The letter detailed a proposed piece of legislation titled the ‘Cryptocurrency Reporting and Wealth Tax Act’ and urged its implementation. In the document, Senator Warren highlighted that digital assets present both opportunities and challenge…

27 days ago
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