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A quick review of the Ways and Means tax bills: State of Crypto
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The House Ways and Means Committee circulated seven draft bills ahead of this week's hearing on crypto tax policy, signaling what the industry can expect.
Key facts
- The Ways & Means Committee’s decision to release seven bills and follow with a full committee legislative hearing on June 9 is significant on procedural grounds alone," she said
- The House Ways and Means Committee circulated seven draft bills ahead of this week's hearing on crypto tax policy, signaling what the industry can expect
- The House Ways and Means Committee is the group of lawmakers tasked with writing laws governing taxes
- It's unclear how much progress will be made in terms of turning these bills into law in the 2026 calendar year
Summary
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. The House Ways and Means Committee is the group of lawmakers tasked with writing laws governing taxes. The fact that the committee is at the point of discussing draft legislation in a hearing shows progress on this front, and it's likely the provisions will eventually become law in the coming years, whether as part of a tax-specific legislative package or as part of some other, broader bill. Staking and mining, de minimis and stablecoin transactions are all covered in the draft bills circulated late Thursday by the House Ways and Means Committee, among various other issues.