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A Bipartisan Cryptocurrency Crackup Negotiators wrote a sloppy provision that could slow innovation.

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The White House wants more tax reporting of cryptocurrency transactions, not without reason. The IRS treats virtual currencies as property, meaning that people who sell their coins owe tax on their gains. But many don?t report crypto income on their tax returns. Some don?t know they have to, but some are intentionally dodging taxes.

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