The legislators of the Chamber of Representatives of the United States should hold an audience on a framework of cryptographic tax policy within the framework of the push of the Republicans to take into account invoices on the digital currencies of the Central Bank (CBDC), the Stablescoins and the structure of the market.
In a Wednesday opinion, the leadership of the Chamber Committee on the ways and means and the surveillance subcommittee said that they had planned a July 16 hearing to focus on “the affirmative stages necessary to place a tax policy on digital assets”. The event, “guaranteeing the digital asset policy built for the 21st century”, will be supposed to vote on three bills linked to cryptography.
It was not clear at the time of the publication which witnesses would be invited to testify during the hearing. On Wednesday, the banking committee of the United States Senate discussed the legislation on the structure of the market, hearing the CEO of Ripple Brad Garlinghouse, the CEO of the Blockchain Association Summer Mersinger and the CEO of Chainalysis Jonathan Levin.
Republican legislators in the Chamber and Senate offered different legislative ways to resolve regulatory problems affecting the cryptography and blockchain industry.
During the debate on the budgetary bill of American president Donald Trump, the senator from Wyoming, Cynthia Lummis, proposed a provision aimed at treating the double taxation of cryptocurrency minors and stakers. The bill adopted the Senate without such a change, and Lummis submitted an autonomous bill on the taxation of digital assets a few days later.
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Room or Senate to approach the structure of the market?
The push of the Republicans for a “crypto week” of legislation from Monday will see the legislators of the Chamber Discuss the law on stable-convicts on payment, as well as the anti-CBDC law on the state of surveillance and the law on the clarity of the digital asset market (clarity) for the structure of the market.
Although the Clarity Act is from the Chamber, the leadership of the Senatoric Banking Committee said in June that the Chamber intended to carry out its own cryptographic market structure plans, setting a September objective. Two versions of the anti-CBDC law on the surveillance state were introduced separately in the chamber and the Senate, but no bill was adopted by one or the other chamber.
The law on engineering, on the other hand, awaits a full vote of the House after possible modifications and debates, after having adopted the Senate in June. Trump called on Chamber’s legislators to adopt a “clean” bill with “no additional modules”, suggesting that he would sign it immediately after a vote.
Review: Bitcoin vs stablecoins.
