House Ways and Means Committee advances crypto tax bill

This is the first federal crypto tax framework to reach the full House, and its timing is notable: it advanced a day after the Senate's Clarity Act stumbled, suggesting the legislative center of gravity on digital assets may be shifting to the tax committee track rather than the market-structure track. For the industry, tax treatment has long been the practical bottleneck — clearer rules on reporting and treatment would matter more to day-to-day operations than many of the broader policy fights. The open question is whether the House floor takes it up on its own terms or folds it into a wider negotiation with the stalled Senate bill.