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The U.S. House of Representatives Taxation Committee is distributing 7 draft bills for digital asset tax reform.

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Breaking News from Mars Finance, according to Eleanor Terrett, the U.S. House Ways and Means Committee is circulating seven draft discussions on digital asset taxation, aiming to overhaul the U.S. crypto tax framework. The topics include stablecoin payments, small transaction tax exemptions, mining and staking income recognition, crypto lending, Wash Sale rules, charitable donation tax treatment, and voluntary disclosure programs for taxpayers with historical reporting issues. From the front page of the disclosure documents, proposals such as the "Less Tax Paperwork for Digital Asset Owners Act" and the "Tax Clarity for Mining and Staking Act" can be seen. The former aims to reduce the tax compliance burden for digital asset holders, while the latter establishes clear rules for the taxation of mining and staking income. Terrett stated that this move effectively breaks down the previously proposed "Digital Asset PARITY Act" pushed by Representatives Miller and Horsford, as well as related bills introduced last year by Senator Cynthia Lummis, into multiple separate legislative projects to improve progress. These draft discussions are expected to be the core topics at the U.S. House Ways and Means Committee's digital asset tax hearing next Tuesday. If ultimately enacted, it will be one of the most comprehensive adjustments to U.S. crypto taxation in recent years.
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