Sweden eyes Bitcoin reserve, US crypto tax debate

In recent crypto news, Swedish lawmakers have proposed investigating the establishment of a Bitcoin reserve to combat inflation and diversify national holdings. The proposal highlights the need for Sweden to join other nations recognizing Bitcoin's potential. Meanwhile, US lawmakers discussed potential changes to crypto tax rules during a Senate Committee hearing, including tax exemptions for transactions below $300 and classification of income from staking as earned income. The ongoing tax policy discussions aim to provide clarity and enforce stricter reporting requirements, with concerns about a $700 billion annual tax gap exacerbated by current regulations.

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