US crypto industry's next legislative focus is tax policy

The next major legislative issue for the U.S. cryptocurrency industry after the CLARITY Act is tax policy, Forbes reported. A bipartisan effort to address this is currently underway in the House of Representatives, where four members of the Ways and Means Committee have introduced a crypto tax bill. Rep. Max Miller, one of the sponsors, said that while the U.S. leads in crypto innovation, current tax laws have not kept pace with the rapid growth of digital assets and modern financial technology. He added that he and Rep. Steven Horsford are leading congressional discussions on the matter and expressed optimism that the bill could pass by the end of this year.