U.S. House Committee to Examine Digital Asset Tax Policy During ’Crypto Week’

The U.S. House Ways and Means Committee will convene a hearing on July 16 to address the need for a coherent tax framework for digital assets. This move comes as part of a broader "Crypto Week" initiative by lawmakers, signaling growing legislative attention to cryptocurrency regulation.

Taxation remains a critical hurdle for the crypto industry, with investors facing persistent uncertainty due to the lack of clear guidelines. The hearing follows Senator Cynthia Lummis' recent bill proposing a $300 threshold for taxable crypto transactions—a potential step toward simplifying compliance.

Stablecoin regulation and market oversight are also advancing, with a House vote expected on a Senate-approved bill. These developments reflect mounting pressure to establish legal clarity for digital assets amid rapid market expansion.