According to Odaily Planet Daily, the U.S. House of Representatives has voted to pass the 'Too Big to Fail' bill, which does not mention the proposed amendments to cryptocurrency tax laws. The Senate attempted to add relevant provisions but was unsuccessful.
Market observers are optimistic about the ripple effects of Bitcoin, expecting a readjustment of U.S. tax laws. During 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 framework for stablecoins pegged to the dollar; the Anti-CBDC Surveillance State Act prevents the Federal Reserve from issuing retail CBDCs.
