US House committee approves digital asset tax bill
- —Bill H.R. 10357 approved by a 38-5 vote
- —Estimated revenue loss of $1.997 billion for 2027-2036
- —The document covers fees, stablecoins, mining, staking and broker reporting
- —Enactment requires House and Senate votes and the president's signature
Why it matters: The bill sets tax reporting rules for US crypto investors and brokers, reducing uncertainty, but it has not yet been finally passed.
Source: TokenPost