HORSFORD SECURES BIPARTISAN DIGITAL ASSET TAX AGREEMENT TO SUPPORT INNOVATION AND STRENGTHEN TAX FAIRNESS

Washington, Sept. 16 -- Congressman Steven Horsford issued the following press release:

WASHINGTON, D.C. - Congressman Steven Horsford (NV-04) today helped secure House Ways and Means Committee passage of a bipartisan digital asset tax package following months of negotiations to modernize the tax code, support innovation, and strengthen tax fairness. "People deserve a tax code that is fair, understandable, and keeps pace with how they live and work," said Rep. Horsford. "Americans who use digital assets need clearer rules and greater certainty. This agreement makes progress while strengthening safeguards to prevent abuse." The legislation applies established tax principles to digital assets, clarifies ordinary-income treatment for mining ...