The U.S. House of Representatives is undertaking historic measures to maintain the country's position as a global cryptocurrency hub. The House is scheduled to hold a hearing on crypto tax policy, with rumors circulating about a potential 0% capital gains tax on U.S.-based tokens. This hearing is seen as a pivotal moment for crypto holders. Concurrently, the Senate Agriculture Committee has announced a market structure hearing titled "Stakeholder Perspectives on Federal Oversight of Digital Commodities" scheduled for the following Tuesday. Additionally, the Senate Banking Committee is set to hold a hearing on crypto market structure legislation, with Senator Elizabeth Warren indicating her support for legislation that adheres to five key criteria, including the protection of foundational securities laws. Industry leaders, including Coinbase CEO Brian Armstrong, have urged swift passage of the CLARITY Act through both chambers of Congress, followed by presidential approval, to establish clear regulatory frameworks for cryptocurrencies. Cryptocurrency expert Les Borsai noted that Senate panels will begin reviewing crypto regulations this week, signaling increased federal attention to the sector.
🚨NEW: This morning, the Senate Banking Committee will hold a hearing on crypto market structure legislation. I’m hearing Elizabeth Warren, top Dem on the committee, will announce she would support a bill if it meets these 5 criteria: “1. Protecting our bedrock securities laws;
Cryptocurrency expert Les Borsai said on Newsmax that a Senate panel is set to begin reviewing crypto regulations this week. https://t.co/3m5oGwYYFD
ALERT🚨 U.S. HOUSE TO HOLD CRYPTO TAX POLICY HEARING TODAY! https://t.co/FZC4xkcn8X