Brad Sherman slams stablecoin tax refunds as tax evasion tool
Brad Sherman slams stablecoin tax refunds as tax evasion tool
Rep. Brad Sherman criticized proposals to issue tax refunds and government payments in stablecoins, arguing they could facilitate tax evasion.The comments came after NCUA Chairman Kyle Hauptman suggested stablecoins could enable faster government disbursements, including on weekends and holidays.Congress is reviewing new crypto tax proposals covering stablecoins, DeFi, staking, and wash sales.