US House begins review of crypto tax and strategic Bitcoin reserve bills
- —Ways and Means Committee began marking up the Digital Asset Tax Certainty Act
- —The bill clarifies taxes on stablecoins, small fees and lending contracts
- —Financial Services Committee is reviewing the American Reserve Modernization Act
- —The document provides for a BTC reserve and publication of data on its storage
Why it matters: Passing the bills would determine crypto taxation in the US and create a state Bitcoin reserve, affecting institutional demand.
Source: Bloomingbit