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Democratic Party to Meet Five Exchanges on the 30th... Decision on Tax Deferral Put on Hold

  • Current law sets crypto capital-gains/lending-income tax to begin with gains realized on or after January 1, 2027.
  • The Democratic Party will meet with five major exchanges on October 30 as part of continued consultations.
  • Key unresolved issues include securing transaction data from overseas exchange users and reconciling domestic vs. foreign transaction treatment.

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