As US law currently stands, stakers and miners are required to pay taxes on rewards such as income, regardless of if the tokens were sold or traded
The bill specifies that DAOs are by default classified as a business entity, meaning that these community-led groups can expect to pay up on tax day
Senators Lummis and Gillibrand are out to prove bipartisan digital asset policy is still possible in Washington
Bitcoin will eventually become a viable currency, according to Lummis