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The House of Representatives Fundraising Committee introduces six cryptocurrency tax bills; a hearing is held today.
Deep Tide TechFlow News, June 9th, according to reporter Eleanor Terrett, the U.S. House of Representatives Fundraising Committee held a crypto tax hearing at 2:00 PM local time on June 9th, introducing six standalone bills and a discussion draft beforehand. The six bills cover crypto donations, mining and staking taxes, reporting requirements, tax treatment equality, voluntary disclosure, and applying existing anti-tax evasion rules to digital assets; the discussion draft addresses offshore crypto tax avoidance behaviors.
The committee stated that the above bills aim to create clarity, fairness, and operability for digital assets, and to maintain the U.S. as a global crypto hub. Witnesses at the hearing included representatives from Fidelity, Coinbase, Coin Center, and the NYU Tax Law Center.