Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, the House Ways and Means Committee advanced a sweeping crypto tax bill, while the industry is turning its attention to the SEC and CFTC after the CLARITY Act stalled in the Senate. Bernstein expects the agencies to respond with “aggressive and swift” rulemaking to fill some of the gaps left by Congress.

The US House Ways and Means Committee advanced the Digital Asset Tax Certainty Act in a bipartisan 38–5 vote on Wednesday, sending a broad overhaul of federal crypto tax rules to the full House.

The legislation would introduce new tax treatment for qualifying dollar-pegged stablecoins and certain crypto lending agreements, while extending wash-sale rules to widely traded digital assets. It also addresses how mining and staking income is taxed.

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