09 Apr '14, 7pm

Controversial GOP Congressman Introduces First Bill to Tax Bitcoin

Controversial GOP Congressman Introduces First Bill to Tax Bitcoin

Congressman Steve Stockman (R-Texas) is no stranger to controversy. He gives away assault rifles via Twitter, mocks global warming as a “fad thing” and dismisses the Violence Against Women Act “horrible” because it protects transgender “men dressed up as women.” And now the controversial, ultra conservative politician is back in the news in a big way once again, this time for something far tamer, yet quite momentous -- he’s introducing a bill that would officially categorize Bitcoin (and other virtual currencies) as currency, not as property, as the IRS did last month in its landmark March 25 ruling. Stockman announced his bill , titled the “Virtual Currency Tax Reform Act,” during his speech at Mediabistro’s Inside Bitcoins conference in New York City yesterday. The bill, which is only a single-page, five-sentence draft, very loosely defines what virtual currency is and, ...

Full article: http://www.entrepreneur.com/article/232942

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forbes.com 08 Apr '14, 4pm

Congressman Steve Stockman (R-TX), announced this morning at Inside Bitcoins NYC that he plans to introduce the first piec...

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newsbtc.com 08 Apr '14, 2pm

Congressman Stockman Seeks to Introduce Bill to Congress Declaring Bitcoin A Currency, Not Property Eric Calouro | April 8...

ICYMI: #Stockman plans to introduce the “Virtua...

stockman.house.gov 08 Apr '14, 5pm

WASHINGTON - Today Congressman Steve Stockman (R-TX) will introduce the “Virtual Currency Tax Reform Act.” If enacted, thi...

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