US lawmakers to discuss crypto tax policy amid push to pass three bills

The hearing notice suggested a focus on a tax framework for digital assets, but did not mention specific witnesses or policies previously proposed.

Lawmakers in the US House of Representatives are scheduled to hold a hearing on a crypto tax policy framework as part of Republicans’ push to consider bills on central bank digital currencies (CBDCs), stablecoins and market structure.

In a Wednesday notice, leadership on the House Committee on Ways and Means and Oversight Subcommittee said they had scheduled a July 16 hearing to focus on “affirmative steps needed to place a tax policy framework on digital assets.” The event, “ensuring digital asset policy built for the 21st century,” will come as House representatives are expected to vote on three crypto-related bills.

It was unclear at the time of publication what witnesses would be invited to testify at the hearing. The US Senate Banking Committee discussed market structure legislation on Wednesday, hearing from Ripple CEO Brad Garlinghouse, Blockchain Association CEO Summer Mersinger and Chainalysis CEO Jonathan Levin.

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