Stablecoins Face New York Tax Heat: Lawmaker Demands No Exemptions
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New York draws a line in the sand—stablecoins aren't escaping the taxman's grasp.
Lawmakers push to close what they call a 'digital loophole' that lets stablecoins sidestep traditional tax treatment. The move targets all dollar-pegged assets from USDC to DAI, treating them like any other crypto holding for tax purposes.
Critics call it revenue grabbing—supporters say it's about fairness. Either way, your stablecoin stack just got more complicated.
Another reminder that when governments smell money, 'decentralization' suddenly gets very centralized—welcome to finance 2.0, where the rules are made up and your coins definitely aren't safe.
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