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Two House committees advanced major crypto bills Wednesday, covering a federal Strategic <a href="https://xpertsstudio.com/kaiko-data-reveals-bitcoin-volatility/” title=”Kaiko Data Reveals Bitcoin Volatility”>Bitcoin Reserve and the taxation of digital assets.
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The Digital Asset Tax Certainty Act passed the House Ways and Means Committee 38-5, with provisions covering transaction fees, mining, staking, and wash-sale rules.
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The moves came one day after the Senate failed to advance the CLARITY Act, showing that other parts of Congress’s crypto agenda remain active despite that setback.
Two major crypto bills moved forward in the US House on Wednesday, giving Washington’s digital-asset agenda fresh momentum just one day after the Senate blocked the CLARITY Act.
The House Ways and Means Committee voted 38-5 to advance the Digital Asset Tax Certainty Act, a sweeping package designed to rewrite how cryptocurrencies are treated under federal tax law. Separately, the House Financial Services Committee advanced legislation to place the federal government’s Bitcoin holdings into a statutory Strategic Bitcoin Reserve.
Neither measure is law yet. Both still face additional votes in Congress.
Their committee’s progress nevertheless opens two new fronts in the US crypto debate: whether Washington should hold Bitcoin as a long-term reserve asset and how Americans should be taxed on mining, staking, trading, or spending digital assets.
Bitcoin Reserve Moves Beyond a White House Policy
The American Reserve Modernization Act, H.R. 8957, would establish a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Treasury Department.
The reserve would house federally held Bitcoin obtained primarily through criminal and civil forfeiture, while other government-owned digital assets would be kept separately. House Financial Services Committee Chairman French Hill described the proposal as a way to bring crypto holdings scattered across federal agencies under consistent Treasury custody and oversight.
The legislation is significant because the reserve concept currently rests on executive action.
President Donald Trump signed an executive order in March 2025 establishing a Strategic Bitcoin Reserve and directing the government to retain certain forfeited Bitcoin rather than sell it. H.R. 8957 would put the reserve into federal statute, making its legal basis less dependent on the policy of a particular administration.
The proposal has also included restrictions intended to treat the government’s Bitcoin as a long-term holding rather than an actively traded asset. Committee materials included a substitute amendment to H.R. 8957 as lawmakers considered the final language Wednesday.
Source: finance.yahoo.com