According to Odaily Planet Daily, the U.S. House of Representatives has voted to pass the 'Too Big to Fail' bill, which did not mention the proposed amendments to the cryptocurrency tax law. The Senate attempted to add relevant provisions but was unsuccessful.
Market observers are optimistic about the ripple effects of Bitcoin, expecting a re-adjustment of U.S. tax law. In the upcoming 'Crypto Week', the House will discuss three major bills related to cryptocurrency.
The CLARITY Act aims to delineate the jurisdictional boundaries between the SEC and CFTC; the GENIUS Act introduces a regulatory system for stablecoins pegged to the U.S. dollar; The Anti-CBDC Surveillance State Act prevents the Federal Reserve from issuing a retail CBDC.
