Senators Ted Cruz, Tim Scott push to ease Bitcoin capital gains tax burden

By Michael FawnThe U.S. government’s taxation of Bitcoin capital gains tax is a subject of intensifying debate due to inflation’s impact on nominal gains. S. government taxes Bitcoin capital gains tax has intensified. This is particularly true as inflation continues to inflate nominal capital gains, leading to higher tax bills on wealth that hasn’t genuinely increased in purchasing power.Senators Ted Cruz (R-TX) and Tim Scott (R-SC) are spearheading efforts to address this issu