Senators move to exempt Bitcoin, crypto miners from proposed U.S. tax rules
Obviously HN community is down on crypto. This exemption is a sign that Bitcoin is getting closer to the mainstream of finance. Like most flanker-moves, Governments should be incorporating it in to their tax policies rather than shunning it. Cannabis is a good proxy, states can keep it illegal and not make tax revenue or they can legalize it, control it and tax it. The feds should do the same. Same for crypto, keeping it on the fringes will only help illegal enterprises and rogue nations use it to bypass sanctions. As to whether it has a use or is a store of value, these are largely irrelevant questions. It is pure speculation, allowing one person to bet against another, much like playing poker in a casino.