House Advances Bipartisan Crypto Tax Overhaul Amid Broad Hill Activity
TL;DR
The House Ways and Means Committee voted 38-5 to advance a bipartisan crypto tax bill that revamps digital-asset taxation and includes a fix to allow gambling losses to be fully deductible, while addressing timing on mining and staking rewards. The move signals support across parties, but the bill’s fate remains uncertain amid a murky legislative path. The live updates also cover looming Section 702 surveillance renewal deadlines, a contempt-of-Congress finding against Leon Black in the Epstein probe, potential leadership challenges on other committees, and ongoing debates over AI regulation and federal tax incentives for data centers.
- Ways and Means approves crypto tax bill on bipartisan vote Politico
- U.S. House's tax committee advances crypto tax bill in wake of Clarity Act loss CoinDesk
- Retirement, crypto bills face a tight timeline. Will they reach the finish line? Pensions & Investments
- What’s new in the House Ways & Means bill on taxing digital assets? The Tax Law Center
- House Tax Panel Advances Bipartisan Crypto Bill WSJ
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