<ul><li>House Republicans have proposed a new 5% remittance tax in a comprehensive tax reform bill, impacting cryptocurrency holders in the U.S.</li><li>Introduced on May 13, the bill aims to make Trump-era tax cuts permanent while introducing new tax breaks and adjustments.</li><li>The bill offers a $5 trillion cut to American taxpayers but also includes new requirements for Medicaid coverage, potentially impacting social programs.</li><li>The proposed 5% remittance tax exempts peer-to-peer crypto transactions, potentially driving increased adoption of digital assets for cross-border payments.</li></ul>

Crypto P2P Transfers Dodge 5% Remittance Fee in New Tax Plan Proposal

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