US House committees approve bitcoin reserve and crypto tax bills
- —H.R. 8957 requires confiscated BTC to be held in a Treasury reserve for at least 20 years
- —The US government holds about 324,527 BTC worth $24.8 billion, according to Arkham
- —H.R. 10357 extends the wash-sale rule to digital assets
- —Enactment requires a House vote, Senate approval and the president's signature
Why it matters: The bills advance US crypto regulation around the CLARITY Act, reducing uncertainty for institutions.
Source: BeInCrypto IT