While Connecticut”™s state legislature will soon be debating the return of highway tolls and a potential gas tax hike, one lawmaker is calling for a new revenue stream by placing a fee on cryptocurrency transactions.
If the proposed bill becomes law, Connecticut would be the first state to impose fees on residents who trade or transfer cryptocurrencies. At a federal level, cryptocurriences have been designated as commodities by the Commodity Futures Trading Commission, while the Internal Revenue Service said cryptocurrencies should be treated as property for tax purposes.