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Breaking: Senator Warren Bill Would Increase Crypto Taxes And Reporting; Pullix (PLX) Presale Soars As Next Coinbase Rival

Press Releases Crypto News CryptoDaily UK Breaking: Senator Warren Bill Would Increase Crypto Taxes And Reporting; Pullix (PLX) Presale Soars As Next Coinbase Rival

Recent cryptocurrency developments have caused waves of both concern and excitement. Senator Elizabeth Warren’s proposed bill to intensify crypto taxes and reporting requirements has sent ripples through the market. Simultaneously, the Pullix (PLX) presale, which is now in Stage 2, is gaining momentum as a potential rival to Coinbase. Some analysts even predict this new crypto ICO will surge by 100x in 2024. Today, we will analyze why.

Senator Warren’s Bill: A New Tax Landscape for Crypto

Sen. Elizabeth Warren recently introduced the Digital Asset Anti-Money Laundering Act of 2023. If approved, the legislation would broaden the scope of the Bank Secrecy Act, expanding its requirements, such as KYC rules, to include validators, wallet providers, and miners.

Furthermore, the bill aims to introduce stricter tax compliance regulations for cryptocurrency transactions. This would require more detailed reporting to the IRS. Although five Democratic lawmakers joined in sponsoring the proposed act, we must remember that none of Warren’s bills have passed yet.

Plus, legislators are now looking to make crypto regulatory reforms, while Warren’s bill attempts to control and monitor this industry. Either way, we must wait and see how this bill will impact the DeFi market.

Pullix (PLX): One of the Best Altcoins in Times of Uncertainty

While Senator Warren’s bill has stirred concerns within the crypto community, Pullix (PLX) is experiencing a surge in its presale. It is now in Stage 2, rising by 5% in its price. With over 2.2M PLX native tokens sold and $94,400 in sales, it is clear that Pullix has caused a frenzy among global crypto investors.

At its core, Pullix will introduce a hybrid trading platform that combines the best CEX and DEX features into one place. Therefore, you will no longer need to worry about high commissions and fees since Pullix will charge 0% commissions on trades and impl

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Author: Crypto Daily

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