"📝💼 Coin Center's Advocacy: According to Cointelegraph, the non-profit cryptocurrency research institute Coin Center has reached out to Senators Ron Wyden and Mike Crapo, emphasizing the need for essential improvements in cryptocurrency tax regulations. They urge the introduction of ▲minimum tax exemptions for crypto transactions ▲clear guidelines for taxing block mining rewards, airdrops, and hard forks ▲considerations for non-application of current tax reporting requirements. Coin Center contends that a minimum tax exemption approach aligns digital asset transactions with foreign currency purchases, potentially boosting cryptocurrency adoption. Moreover, they express concerns about privacy, excessive reporting burdens, and constitutional issues related to providing personal information to the government. 🔍🗂️ #CryptocurrencyTaxation #CoinCenter #BitcoinWorld"