Senator Cynthia Lummis just dropped a major crypto tax proposal, which could shake up how the IRS handles staking, lending, tax loss harvesting, and small DeFi transactions.The Digital Asset Tax Fairness Act isn’t law yet, but if passed, it would introduce 6 new rules that every crypto investor needs to understand. Clinton from DROPS breaks down what’s smart in the bill… and what makes zero sense.Key Proposals Covered in This Video:• How staking & mining rewards would be taxed only when sold• The end of appraisal headaches for crypto donations• A win for active traders with mark-to-market options• Why crypto lending might finally be tax-exempt• The return of the dreaded wash sale rule• The de minimis rule sounds good, but it still makes you track everythingClinton also shares smarter ideas that Congress should consider—like removing capital gains tax from crypto entirely.Whether you're staking on DeFi platforms, donating crypto, or trading daily, this proposal affects you.📬 Need help filing your crypto taxes or responding to an IRS letter?👉 Visit https://www.CryptoTaxAudit.com for expert help with tax strategy, gain calculations, and audit defense.💬 What do you think of the wash sale rule for crypto? Should Congress ditch it for everyone? Drop your thoughts below ⬇🔔 Subscribe to DROPS for weekly crypto tax intelligence, enforcement alerts, and smart tax strategies for crypto traders.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.