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House Ways & Means Committee Releases Draft Crypto Tax Legislation

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By Lisa Zarlenga, Zain Devshi
| steptoe.com
On June 4, the House Ways & Means Committee released drafts of seven tax bills designed to address various issues regarding the taxation of digital assets. The Ways & Means Committee is holding a hearing to discuss these bills on June 9. The bills address topics in three main areas: (1) clarity on issues unique to digital assets; (2) parity with traditional finance (TradFi); and (3) compliance and guardrails.
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