TechFlow News, June 9: According to reporter Eleanor Terrett, the U.S. House Committee on Ways and Means held a cryptocurrency tax hearing at 2 p.m. local time on June 9, unveiling six standalone bills and one discussion draft ahead of the hearing. The six bills address cryptocurrency donations, taxation of mining and staking, reporting requirements, tax treatment parity, voluntary disclosure, and the application of existing anti-abuse tax rules to digital assets; the discussion draft targets offshore cryptocurrency tax avoidance.
The Committee stated that these bills aim to bring clarity, fairness, and practicality to digital assets while preserving the United States’ position as the global center for cryptocurrency. Witnesses at the hearing included representatives from Fidelity, Coinbase, Coin Center, and the NYU Tax Law Center.
