US House reviews 8 crypto tax proposals as market tops $2 trillion, per Smith

The House Ways and Means Committee held a hearing last week to examine eight digital-asset tax proposals spanning payments, mining, staking, donations, and compliance. Chairman Jason Smith said the crypto market exceeds $2 trillion and argued current rules create uncertainty for users and businesses. The package includes six bills and two discussion drafts, with several measures aimed at easing reporting for routine transactions and stablecoin-related price moves.