Analysis: US Stablecoins Still Treated as Property for Tax Purposes, "GENIUS Act" Does Not Change Taxation Rules

By: theblockbeats.news|2025/07/24 09:31:56

BlockBeats News, July 24th, according to Forbes, although the United States recently passed the GENIUS Act, the Internal Revenue Service still considers digital assets as property, keeping key tax rules unchanged for traders and investors.

The GENIUS Act imposes strict reserve, auditing, and disclosure requirements on U.S. stablecoin issuers, including 1:1 asset backing and monthly financial audits; however, the act did not reclassify stablecoins for tax purposes.

Crypto Industry Calls on Trump to Block JPMorgan's 「Punitive Tax」 on Data Access Report: BNB Chain and TRON dominate stablecoin active address usage

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18

WEEX 2025 Global Offline Events Hub

From the vibrant streets of Hong Kong to the sunlit shores of Lisbon, 2025 marks a defining year for WEEX on the global stage.

WEEX|2025/08/12 11:59:13

WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential

In 2025, WEEX lit up Latin America with its debut at BlockchainRIO as Platinum Sponsor. With bold vision and unstoppable momentum, the rising exchange made waves across the region’s crypto scene.

WEEX|2025/08/13 09:30:52

Ripple Rolls Out Cross-Border Blockchain Payments in the UAE

Imagine sending money across borders as effortlessly as texting a friend—quick, cheap, and crystal clear. That’s the promise…

crypto insight|2025/08/10 16:10:21

WEEX Global Journey 2025: Connecting the World of Web3

WEEX’s H2 2025 global tour is hitting top blockchain stages and exclusive community meetups worldwide — connecting with real builders, sparking honest conversations, and creating lasting trust. Our mission: make trading simpler, confidence stronger, and crypto trusted across the globe.

WEEX|2025/08/08 08:04:07