U.S. House’s tax committee advances crypto tax bill in wake of Clarity Act loss
The Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump’s industry ties spurred some pushback.
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Summary
- A bipartisan crypto tax bill, though narrowed from earlier versions, has cleared an important vote in the House of Representatives, even as the industry still reeled from the loss of its top legislative priority in the Senate.
- The bill — approved 38-5 in a markup hearing — would seek to remove tax burdens on small crypto transactions and expand other tax rules to treat digital assets the same as other financial products.
