The US House Committee on Ways and Means and the Oversight Subcommittee will hold a hearing to explore establishing a tax policy framework for digital assets.
This hearing forms part of a broader legislative effort encompassing central bank digital currencies (CBDCs), stablecoins, and market structure reforms.
The session aims to formalize tax policies as cryptocurrencies achieve greater mainstream adoption.
It precedes anticipated votes in the House on three significant crypto-related bills, including the GENIUS Act concerning stablecoins and the Digital Asset Market CLARITY Act focused on market structure reforms.
The hearing is a key component of a coordinated ‘crypto week’ in Congress, reflecting a concerted push to regulate the digital finance sector.
Divergence exists between the approaches of the Senate and the House, with the latter advancing a more immediate regulatory agenda.
This hearing represents a crucial step in shaping the US tax policy framework for digital assets, occurring alongside legislative efforts targeting CBDCs and stablecoins.