Browsing: Advances

The House Ways and Means Committee moved forward a bill on tax for digital assets on Wednesday (September 16), which was designed to minimize the tax liability for small transactions involving cryptocurrencies, while subjecting digital assets to numerous anti-abuse regulations already used for traditional financial instruments. With a vote of 38-5, the committee passed the…

The US House Financial Services Committee has voted to advance the unprecedented Strategic Bitcoin Reserve, now known as the American Reserve Modernization Act of 2026 (H.R. 8957). Despite this development, the odds of the proposal becoming law by 2027 are now as low as 6%, down from a 60% high in December.

Washington’s broader crypto push just suffered a major defeat, but the Strategic Bitcoin Reserve is moving separately through Congress.

European Union lawmakers are backing digital asset tax bills, while in the United States, industry groups are actively opposing the incoming tax law. Meanwhile, the German government is seeking a 25% tax on digital asset gains, and Bulgaria passed legislation that aligns the country with EU reporting rules, just as two leading blockchain trade associations…