Sep 8, 8:59 pm
Decrypt
US Crypto Donation Laws ‘Overly Burdensome’ Says Giving Block
The Giving Block, a crypto fundraising platform, has written a letter to Senators Ron Wyden and Mike Crapo urging them to eradicate appraisal necessities on crypto donations. The corporate argues that these necessities make it burdensome for donors to contribute, as they typically have to rent costly appraisers to satisfy the rules. The letter means that appraising property like stablecoins gives no worth to donors, charities, or the U.S. Treasury.
