The US House of Representatives is facing a significant divide among lawmakers regarding the urgency and necessity of advancing new digital asset tax legislation. Recent hearings highlighted conflicting perspectives on tax policy, while Representative Max Miller advocated for clear, technology-neutral rules to maintain US leadership in the sector. Additionally, a new bill was introduced to improve federal coordination for crypto hacks and victim support, reflecting a complex legislative landscape for digital assets.
The US House Financial Services Committee has set a July 17 field hearing in New York to advance the CLARITY Act, a pivotal bill for stablecoin regulation.
Read the full storyIn a move reflecting growing regulatory and fiscal pressure on the digital asset sector in the United States, Illinois Governor J.B. Pritzker has officially signed the Digital Asset Tax Act into law.
A US House hearing revealed a growing divide over digital asset tax policy, with lawmakers debating if current ambiguity hinders US crypto leadership.
New legislation aims to restore federal capabilities for tracing illicit crypto flows and supporting victims following the DOJ's recent restructuring.
A House committee hearing highlighted significant rifts among lawmakers regarding the timeline for advancing new digital asset tax reforms.