Seven proposals before August voting, covering everything from staking to mining—can we truly clarify the rules this time?

The U.S. Congress has reopened debate on digital asset taxation, proposing seven separate crypto tax initiatives under digital asset taxation and moving forward with negotiations on the “Clear Act,” with a vote expected in August. The House Committee on Ways and Means has heard testimony from Fidelity, Coinbase, Coin Center, and New York University, covering areas including stablecoins, mining, staking, and lending. The industry broadly welcomes the efforts, but there are lingering doubts about specific provisions. Illinois is also considering imposing a 0.2% tax on certain digital asset transactions, which could affect the appeal of crypto companies.