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The key committee of the U.S. House of Representatives is preparing legislation to establish a cryptocurrency tax framework

MarsBitNews
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According to a report by Bloomberg, Mars Finance News says that the U.S. House of Representatives tax-writing committee is preparing legislation to build a cryptocurrency tax framework, which may be released as early as Friday, followed by a hearing in the early part of next week. The committee’s chairman, Jason Smith, will make developing a digital asset tax framework a top priority, and the Treasury Department is also involved in the process. The committee is expected to release seven bills covering when tokens obtained through mining or staking are subject to tax, exempting certain stablecoin transactions from capital gains tax, ensuring equal tax treatment for digital assets and securities (including charitable donations), providing a safe harbor that allows foreign investors to trade U.S. securities without being taxed as domestic entities, and expanding wash sale rules to digital assets.
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