The U.S. House Ways and Means Committee will discuss digital asset tax policies at its hearing on July 16th

Next week, the US House of Representatives will hold a "Cryptocurrency Week" event to deeply explore digital asset policies, and the Tax Policy Committee will focus on cryptocurrency taxation. Jason Smith, Chairman of the House Ways and Means Committee, announced on Wednesday that the Oversight Subcommittee will hold a hearing on July 16th to explore positive measures for developing a tax policy framework for digital assets. After the cryptocurrency market and stablecoin regulation, cryptocurrency taxation is expected to become the next major topic in Congress, with two legislative actions next week, including a vote in the House of Representatives on the stablecoin issuer regulation bill passed by the Senate. The current cryptocurrency taxation in the United States is uncertain, and investors have complex calculations. Last week, Senator Cynthia Lummis introduced a new bill proposing tax exemptions for small transactions and the elimination of double taxation. At present, the intentions of the House of Representatives are unclear, but the Republican led committee is seeking friendly policies. (PANews)