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Phil Steck’s Proposed 0.2% Crypto Transaction Tax Could Impact Bitcoin Transfers, Lawmaker Questions Stablecoins’ Everyday Role

2025-08-21 02:15

Phil Steck’s Proposed 0.2% Crypto Transaction Tax Could Impact Bitcoin Transfers, Lawmaker Questions Stablecoins’ Everyday Role

New York crypto tax: Assemblymember Phil Steck proposes a 0.2% excise tax on crypto transactions to raise an estimated $158 million annually for substance abuse programs; the proposal applies to