U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'
2025-07-09 21:46:10
Main Idea
The U.S. House Ways and Means Committee will hold a hearing on July 16, 2025, to discuss tax policies for the cryptocurrency sector as part of 'Crypto Week.'
Key Points
1. The House Ways and Means Committee's oversight subcommittee will examine how to establish proper taxation for the crypto sector.
2. Senator Cynthia Lummis proposed legislation setting a $300 threshold on crypto transactions and eliminating double taxation on crypto mining.
3. The hearing is part of broader discussions during 'Crypto Week,' focusing on digital asset policy and taxation.
4. The Republican-led committee titled the hearing 'Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Built for the 21st Century.'
Description
As the U.S. House of Representatives digs into digital assets policy during what lawmakers have styled "Crypto Week" next week, the committee that focuses on tax policy will discuss the proper way forward for taxing crypto. The chairman of the House Ways and Means Committee, Representative Jason Smith, announced a July 16 hearing of the oversight subcommittee to look at the "affirmative steps needed to place a tax policy framework on digital assets," according to a statement on Wednesday. Crypto...
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- U.S. Digital Assets Tax Policy Getting Hearing During 'Crypto Week'2025-07-09 21:46:10