Elon Musk backs up Coinbase CEO by expressing displeasure with Crypto tax bill

In a tweet replying to Coinbase CEO Brian Armstrong on Friday, Tesla CEO Elon Musk advised legislators contemplating the Senate infrastructure bill’s crypto tax provision not to choose technology winners or losers in cryptocurrency technology. Brian Armstrong recently took to Twitter to express his displeasure with the planned changes regarding cryptocurrency taxes in the U.S. Armstrong said in a tweet on Wednesday that the crypto taxation proposal’s features may have a deep negative impact on the U.S. crypto industry and will push digital innovation to go offshore.

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