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Friday, December 5, 2014
New Bitcoin Protection Bill Introduced In Congress
Rep. Steve Stockman of Texas and the House Ways and Means Committee introduced a bill to protect Bitcoin and other cryptocurrencies and digital currencies from changes in federal tax law while the bitcoin and blockchain technologies are studied further.
Here is a copy of the bill, H.R. 5777. Rep. Stockman has credited me with drafting virtually the entire bill (my draft had additional material on a proposed commission to study the technology, which was omitted from the introduced bill).
Comments are welcome.