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Elizabeth Warren and Bernie Sanders call for closing 50 billion crypto tax gap

Last updated on August 8, 2023

In a recent development, U.S. senators Elizabeth Warren and Bernie Sanders voiced concerns regarding tax evasion in the cryptocurrency market. They alleged that individuals involved in crypto are illegally diverting substantial amounts of money away from the government. This statement highlights the ongoing debate around the regulation and taxation of digital assets. The senators’ claims underscore the need for stricter measures to prevent tax evasion and ensure that the government receives its due share from the rapidly growing crypto industry.

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