Stablecoin Tax Relief Bill Would Exclude BTC Purchases
The proposal would remove capital-gain and loss calculations from eligible dollar-stablecoin purchases of any size, while leaving Bitcoin checkout payments in the current tax system.
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The proposal would remove capital-gain and loss calculations from eligible dollar-stablecoin purchases of any size, while leaving Bitcoin checkout payments in the current tax system.
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The GENIUS Act doesn't legalize all stablecoins — it draws a tight federal box around who can issue them, with 100% reserves and monthly audits.
The U.S. GENIUS Act requires licensed stablecoin issuers to back tokens 1:1 with cash and short Treasuries, publish monthly attestations, and pay no yield to holders.
Bonk is the dog-themed Solana meme coin whose December 2022 fair-launch airdrop kickstarted Solana's recovery. Here's what BONK is, what it actually does and the honest risks.
The GENIUS Act sets US rules for payment stablecoins: 100% reserves, no yield, and a new OCC license. Here is what it actually changes.