US Lawmakers Set to Shake Up Crypto Tax Policy as Three Critical Bills Hit the Floor

Crypto's tax reckoning is here—and Washington's finally paying attention.

Three bills. One hearing. Zero excuses left for outdated policies.

Congress sharpens its knives

The House Ways and Means Committee isn't just debating crypto taxes—they're rewriting the rulebook. With digital asset markets maturing faster than regulators can blink, these votes could make or break America's competitive edge.

Wall Street's watching through clenched teeth. After all, nothing terrifies traditional finance quite like a functional tax framework for decentralized assets. (Well, that and the thought of retail investors actually understanding their liabilities.)

Behind the legislative curtain

Insiders whisper the proposals range from pragmatic to politically charged. One likely targets DeFi's 'tax gap,' another could simplify reporting for institutional holders—and the third? Probably something about 'protecting' investors from themselves.

The real question isn't whether crypto will get taxed, but whether DC can avoid turning innovation into a bureaucratic piñata. Place your bets—the house always wins.

TLDR

• US lawmakers will hold a hearing on July 16 to discuss a crypto tax policy framework.
• The House Committee on Ways and Means and Oversight Subcommittee will lead the hearing.
• The hearing is part of a broader legislative push focused on digital assets and taxation.
• Lawmakers will vote on three major crypto-related bills during the same legislative week.
• The GENIUS Act, which regulates payment stablecoins, is awaiting a full House vote.

US lawmakers are preparing to examine a potential crypto tax policy framework as they consider legislation on digital assets. The House Committee on Ways and Means and Oversight Subcommittee will hold a hearing on July 16. The session will focus on establishing modern tax standards for digital assets, including cryptocurrency and blockchain-based instruments.

The hearing will occur as Republicans advance a broader digital asset legislative push. During the same period, lawmakers plan to vote on three major crypto-related bills. This legislative effort signals an organized strategy to formalize the treatment of crypto tax matters and digital currency policy.

The Senate has already hosted discussions on market structure reforms, hearing from leaders in the digital asset sector. In response, House lawmakers are moving forward with their own efforts to define crypto tax policy. This comes amid increasing pressure to resolve regulatory uncertainties around digital assets.

GENIUS Act and Crypto Tax Considerations

The GENIUS Act, which regulates payment stablecoins, awaits a full House vote following Senate approval in June. House Republicans are urging quick passage of the bill, aligning with broader goals of establishing crypto tax clarity. If current political momentum holds, the bill could advance without significant amendments.

If passed, the GENIUS Act WOULD provide a basis for defining stablecoin oversight within a consistent crypto tax framework. Its structure supports formalized treatment for payment tokens used in commerce and finance. This would help prevent tax misclassification and potential enforcement conflicts.

Republican leaders want to ensure the legislation supports innovation while protecting market integrity. They argue that a clear crypto tax policy benefits both regulators and market participants. As a result, the GENIUS Act plays a key role in the broader strategy for digital asset legislation.

Anti-CBDC Surveillance State Act and CLARITY Act Debates

The House is also considering the Anti-CBDC Surveillance State Act, which addresses federal issuance of central bank digital currencies. Alongside it, lawmakers will review the Digital Asset Market CLARITY Act to establish crypto tax and regulatory definitions. Both measures aim to restrict federal control and clarify market boundaries.

While both bills face challenges in passing the Senate, the House remains committed to shaping a unified crypto tax approach. Senate Banking Committee members are preparing alternative market structure legislation with a September timeline. Their focus will likely influence the path forward for crypto tax standards.

Legislators continue developing frameworks to ensure that crypto tax policies align with innovation, transparency, and lawful compliance. They plan further hearings and votes throughout July to solidify digital asset governance.