Protocol Labs General Council members talk about crypto taxation: minimum tax exemption should be supported

At a U.S. Congress meeting entitled "The Cornerstone of Change: The Benefits of Blockchain Technology for Small Businesses," Marvin Ammori, a member of the General Council of Protocol Labs, said that although blockchain is ready for large-scale adoption, Some technical changes are required. Ammori claims that cryptocurrency tax processing is very complex. In describing the solution, Ammori said that everyone should support a minimum tax exemption (the Virtual Currency Tax Equity Act has been proposed). Ammori also asked the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) for further clarification around the guidelines.