According to Crypto in America, the House Ways and Means Committee will hold a hearing on crypto tax reform this week, reviewing seven draft bills on digital asset taxation, including stablecoin trading, staking and mining taxes, crypto lending, and wash sale rules. Meanwhile, the Clarity Act is still advancing in the Senate for coordination. Senator Cynthia Lummis stated that the bill is more likely to proceed to a full Senate vote after Congress reconvenes on July 13.

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