Summary: H.R.2144 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.2144. Bill summaries are authored by CRS.

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Introduced in House (04/09/2019)

Token Taxonomy Act of 2019

This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600, retroactive to January 1, 2017.