"Congress is stepping up its efforts to prevent crypto investors evade their taxes"
And yet :
"the bill has been altered to make it clear that cryptocurrency miners, blockchain engineers, or vendors selling hardware to run hashing algorithms to mint digital coins are exempt from the new rules "
Could someone please explain to me the difference between a miner and an investor ?
It seems to me that those two things overlap rather closely.
The miner invests in hardware and electricity to get coins. The investor buys coins. In the end, they both have coins, and will sell them at some point. With this bill, the miner will not pay taxes, but the investor will.
Politician's logic.
Biting the hand that feeds IT
