In a letter sent on Tuesday by the two lawmakers to Treasury Secretary Scott Bessent, Lummis and Moreno argued that the corporate alternative minimum tax alongside new accounting standards would create unfair taxes on unrealized gains
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Republican Sens. Lummis and Moreno press US Treasury for guidance on crypto tax rules
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Senators Cynthia Lummis and Bernie Moreno urged the U.S. Treasury Department to exclude unrealized gains on digital assets from corporate taxation, arguing that the current framework would result in unfair tax burdens
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