Posted elsewhere on the same article but:
Weird that they specifically mention stablecoins in the article but the actual bill doesn't, it instead uses very broad wording to describe "digital settlement assets" which would literally include everything from Bitcoin to BAYC:
In subsection (1) “digital settlement asset” means a digital representation of value or rights, whether or not cryptographically secured, that—
(a) can be used for the settlement of payment obligations,
(b) can be transferred, stored or traded electronically, and
(c) uses technology supporting the recording or storage of data (which may include distributed ledger technology).
(4B) In this section, “digital settlement asset” includes a right to, or interest in, a digital settlement asset.”
But yes, from the wording at least it seems that they want to ammend the bill to give them oversight over digital assets as payment mechanisms as opposed to investments. The bill itself isn't talking about specifics rather they want to give themselves the ability in law to then regulate them but it seems like they're heading towards the "use them as payment if you want" and that'd mean no capital gains tax.
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