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Cryptocurrency Tax Reform Act

USA117th CongressHR-5083| House 
| Updated: 8/23/2021
Darren Soto

Darren Soto

Democratic Representative

Florida

Cosponsors (2)
Ro Khanna (Democratic)Byron Donalds (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cryptocurrency Tax Reform Act This bill modifies the definition of broker f or tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
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Timeline
Aug 23, 2021
Introduced in House
Aug 23, 2021
Referred to the House Committee on Ways and Means.
  • August 23, 2021
    Introduced in House


  • August 23, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 117-5082: Cryptocurrency Tax Clarity Act

Cryptocurrency Tax Reform Act

USA117th CongressHR-5083| House 
| Updated: 8/23/2021
Cryptocurrency Tax Reform Act This bill modifies the definition of broker f or tax reporting purposes to include any person who (for consideration) effectuates transfers of digital assets on behalf of another person. It also treats digital assets (i.e., a digital representation of value that is recorded on a cryptographically secured distributed ledger) as specified securities for reporting purposes.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 23, 2021
Introduced in House
Aug 23, 2021
Referred to the House Committee on Ways and Means.
  • August 23, 2021
    Introduced in House


  • August 23, 2021
    Referred to the House Committee on Ways and Means.
Darren Soto

Darren Soto

Democratic Representative

Florida

Cosponsors (2)
Ro Khanna (Democratic)Byron Donalds (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 117-5082: Cryptocurrency Tax Clarity Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted