US House Ways and Means Committee Passes Crypto Tax Bill 38-5

The US House Ways and Means Committee has passed a cryptocurrency tax bill by a vote of 38-5, establishing clear tax regulations for staking and mining. BlockTempo reported that the committee approved the Digital Asset Tax Certainty Act with this vote. The legislation clarifies tax treatment for cryptocurrency staking and mining activities. This vote came just 24 hours after the Clarifying Law, a major cryptocurrency bill, stalled in the US Senate.