X @Wu Blockchain

New York State Assemblymember Phil Steck has proposed a bill to impose a 0.2% excise tax on cryptocurrency transactions statewide, projected to raise $158 million annually. The tax would cover NFTs, mined and staked digital assets, and stablecoins. Currently, eight states, including New York and California, treat cryptocurrencies as cash equivalents for tax purposes and already apply capital gains, gift, and estate taxes to digital assets.https://t.co/Iqiw0QZsSR ...