Crypto's Long-Sought 'De Minimis' Tax Break Gets a House Markup This Week
The proposal would overhaul federal tax treatment of digital assets but still requires approval from Congress.
The trading volume of INI (INI) is $935,592.00 in the last 24 hours, with stable market activity.
INI (INI) reached an all-time high of $0.00 and an all-time low of $0.00 . It's now trading 0.00% above that peak and 0.00% above its lowest price.
Market capitalization of INI (INI) is $83,427,764 and is ranked #309 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of INI tokens (739,481,825 tokens are tradable on the market today).
The fully diluted valuation (FDV) of INI (INI) is $676,914,000. This is a statistical representation of the maximum market cap, assuming the maximum number of 6,000,000,000 INI tokens are in circulation today. Depending on how the emission schedule of INI tokens are designed, it might take multiple years before FDV is realized.
With a price decrease of 5.48% in the last 7 days, INI (INI) is underperforming the global cryptocurrency market which is up 5.1%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.1%.
The circulating supply of INI (INI) is 739,481,825 INI tokens, which represents 12.32% of the maximum supply of 6,000,000,000 tokens.
You can buy INI (INI) on various cryptocurrency exchanges. The most popular exchanges for trading INI are typically centralized exchanges (CEX) like Binance, Coinbase, and Kraken, as well as decentralized exchanges (DEX). Always ensure you're using a reputable exchange and enable two-factor authentication for security.
News
The proposal would overhaul federal tax treatment of digital assets but still requires approval from Congress.
The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
Ethics and banking concessions have improved the crypto bill’s prospects, analysts say, but Democratic support remains uncertain.
Jon Cunliffe, Jochen Metzger and Ron Berndsen join Fnality Europe’s supervisory board as the company works to expand beyond its sterling payment system.
Anything bought before 2027 keeps the twelve-month exemption, so the change lands only on Germany's future crypto buyers.
The German Ministry of Finance is reportedly seeking to impose a 25% tax on cryptocurrencies, departing from current laws that make crypto gains tax-free after one year o...