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Deep Tide TechFlow News, June 5th, according to crypto journalist Eleanor Terrett, the U.S. House of Representatives Fundraising Committee is reviewing a package of 7 digital asset tax discussion drafts, aiming to comprehensively revise U.S. cryptocurrency tax rules.
The relevant drafts cover stablecoin trading, mining and staking, crypto lending, wash sale rules, charitable donations, and a voluntary disclosure program for taxpayers with issues in past digital asset declarations.
This move effectively splits the Miller-Horsford Digital Asset PARITY Act and a similar bill proposed by Senator Lummis last year into multiple independent proposals. These drafts are expected to be the focus of Tuesday’s crypto tax hearing.