{"id":13901,"date":"2025-07-10T18:39:32","date_gmt":"2025-07-10T16:39:32","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13901"},"modified":"2025-07-10T18:39:32","modified_gmt":"2025-07-10T16:39:32","slug":"us-legislators-set-to-deliberate-on-cryptocurrency-taxation-as-three-key-bills-seek-advancement","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/10\/us-legislators-set-to-deliberate-on-cryptocurrency-taxation-as-three-key-bills-seek-advancement\/","title":{"rendered":"US Legislators Set to Deliberate on Cryptocurrency Taxation as Three Key Bills Seek Advancement"},"content":{"rendered":"

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Officials in the US House of Representatives are set to conduct a hearing on a cryptocurrency tax strategy framework as part of Republicans’ initiative to deliberate on bills regarding central bank digital currencies (CBDCs), stablecoins, and market structure.<\/p>\n

In a notice released Wednesday, leadership from the House Committee on Ways and Means along with the Oversight Subcommittee announced<\/a> a July 16 hearing aimed at examining \u201cthe proactive measures required to establish a tax policy framework on digital assets.\u201d The event, titled \u201cconstructing digital asset policy for the 21st century,\u201d will take place as House members are anticipated to vote on three cryptocurrency-related proposals.<\/p>\n

Notice for the crypto tax hearing on July 16. Source: <\/em>US House Committee on Ways and Means<\/em><\/a><\/figcaption><\/figure>\n

At the time of publication, it was uncertain which witnesses would be called to provide testimony at the hearing. The US Senate Banking Committee convened on Wednesday to discuss market structure legislation, featuring contributions from Ripple CEO Brad Garlinghouse, Blockchain Association CEO Summer Mersinger, and Chainalysis CEO Jonathan Levin.<\/p>\n

Republican legislators from both chambers have proposed varied legislative solutions to tackle regulatory challenges facing the cryptocurrency and blockchain sectors. <\/p>\n

Amid debates on US President Donald Trump\u2019s budget proposal, Wyoming Senator Cynthia Lummis suggested a provision<\/a> aimed at addressing double taxation for cryptocurrency miners and stakeholders. The Senate passed the appropriations bill without such an amendment, prompting Lummis to submit an independent draft bill<\/a> concerning digital asset taxation shortly thereafter.<\/p>\n

Related: <\/strong><\/em>US CLARITY bill may enable Tesla and Meta to avoid SEC regulations \u2014 Senator Warren<\/strong><\/em><\/a><\/p>\n

Will the House or Senate tackle market structure?<\/h2>\n

The Republican initiative for a \u201ccrypto week\u201d of legislation commencing Monday will see lawmakers in the House consider the GENIUS Act<\/a> regarding payment stablecoins, alongside the Anti-CBDC Surveillance State Act, and the Digital Asset Market Clarity (CLARITY) Act for market structure. <\/p>\n