Washington, June 17 -- Rep. Jodey Arrington issued the following press release:
House Budget Chairman Jodey Arrington (TX-19) introduced H.R. 9172 (https://www.congress.gov/bill/119th-congress/house-bill/9172?hl=h.r.9172&s=2&r=1), the Applying Existing Tax Anti-Abuse Rules to Digital Assets Act (https://arrington.house.gov/uploadedfiles/bills-119hr9172ih.pdf), legislation that closes tax loopholes in the digital asset market and ensures investors play by the same rules regardless of whether they hold traditional financial assets or digital assets. The bill applies existing anti-abuse rules to digital assets that already govern comparable investment assets, ending unequal treatment while supporting continued innovation and growth in America...