Today, I was proud to pass the Digital Asset Tax Certainty Act out of the Ways and Means Committee, providing the first ever tax framework for digital assets.
Providing greater certainty in our tax code for the treatment of digital assets is critical to ensuring the United States is the crypto capital of the world, and I appreciate that his was a strong, bipartisan effort that has tremendous economic and innovative potential for our nation.
PASSED: The Ways and Means Committee just passed the Digital Asset Tax Certainty Act — a historic step toward establishing a clear tax framework for digital assets.
Through strong bipartisan collaboration, Republicans and Democrats came together to modernize outdated tax rules that have failed to keep pace as digital assets become part of everyday life for millions of Americans, putting them on a level playing field with traditional financial assets.