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The House Ways and Means Committee advanced a digital asset tax bill 38-5. It introduces a $10 de minimis exemption on transaction fees, extends wash-sale and constructive-sale rules to digital assets, and includes new provisions for stablecoins and mining.
Trump: Rates “should be 1%, or less” because the U.S. is “the Best Credit in the World.” He calls trade deficits a “LOSS,” says America is “carrying” other countries, and demands the Fed “LOWER THE INTEREST RATES… AND FAST!” image
Bloomberg is calling it a "two-and-done" hiking cycle. One down, one more expected, then a pause. image
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