PANews July 10 news, according to CoinDesk, next week the U.S. House of Representatives will launch 'Cryptocurrency Week' to deeply explore digital asset policies, with the Tax Policy Committee focusing on cryptocurrency taxation. House Ways and Means Committee Chairman Jason Smith stated on Wednesday that the oversight subcommittee will hold a hearing on July 16 to discuss positive initiatives for establishing a framework for digital asset tax policy.
Following the regulation of the cryptocurrency market and stablecoins, cryptocurrency taxation is expected to be the next major topic in Congress, with two legislative actions potentially next week, including a vote in the House on the stablecoin issuer regulatory bill passed by the Senate. Currently, there is uncertainty regarding cryptocurrency taxation in the U.S., making it complex for investors to calculate. Last week, Senator Cynthia Lummis proposed a new bill recommending tax exemptions for small transactions and eliminating double taxation. The current intentions of the House are unclear, but the Republican-led committee is seeking friendly policies.