The U.S. House Ways and Means Committee's Oversight Subcommittee convened a hearing on [October 9th, 2024] focusing on "Making the United States the World's Cryptocurrency Capital." The discussion, according to Eleanor Terrett of Crypto In America, centered on establishing a clear and effective tax policy framework for cryptocurrencies. A primary goal is fostering innovation while ensuring fair and consistent tax treatment of digital assets. Discussions likely covered topics such as the classification of cryptocurrencies, reporting requirements for crypto transactions, and the tax implications of decentralized finance (DeFi) activities. The hearing aimed to explore how the U.S. can become a leader in the cryptocurrency space by creating a regulatory environment that attracts investment and promotes responsible innovation, all while addressing potential tax challenges. ```