Crypto Tax Bills

Crypto markets declined amid war escalation and the Mythos Release. Crypto tax bills faced opposition in the House, while Morpho secured a major DeFi funding round.

Crypto tax bills encountered opposition during a House committee hearing as pro-crypto Democrats raised concerns about staking and mining tax exemptions. Party leadership indicated the bills might be delayed until after the midterms.

Crypto tax bills are still being developed as U.S. House lawmakers express concerns. The legislation remains a work-in-progress with ongoing discussions.

Congress is introducing seven new crypto tax bills, which will be discussed at a House hearing. These bills are the first of their kind to be considered by congressional leadership.