United States of America: Virtual Currency Tax Fairness Act

On 3 January 2023, the Virtual Currency Tax Fairness Act was rejected after failing to pass before the 117th Congress adjourns.

On 26 July 2022, the Virtual Currency Tax Fairness Act creating tax exemptions for small personal crypto-assets transactions was introduced in the United States Senate. In particular, the Act would introduce a tax exemption for gains derived from th…