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No Tax On Tips bill Flash News List | Blockchain.News
Flash News List

List of Flash News about No Tax On Tips bill

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2025-05-20
22:17
No Tax On Tips Bill Passes Senate: Potential Impact on Cryptocurrency Transactions and Blockchain Reporting

According to @EleanorTerrett, the Senate has unanimously passed Senator Ted Cruz's No Tax On Tips bill, as reported by Fox Business. This legislative move, confirmed on May 20, 2025, could influence how digital assets and cryptocurrencies are reported and taxed, especially for service workers increasingly accepting crypto tips. Traders should monitor for regulatory adjustments that may affect the classification and taxation of small peer-to-peer crypto payments, which could drive adoption and increase transaction volume in the cryptocurrency market (Source: @EleanorTerrett, Fox Business).

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