Crypto Tax Policy in Focus as House Preps Three Bills for Vote

* House Republicans intensify efforts to finalize stablecoin and CBDC legislation. * Legislative hearing set for July 16, 2025, to shape crypto tax framework. On July 10, 2025, Cointelegraph reported that the U.S. House Committee on Ways and Means and its Oversight Subcommittee will hold a hearing on July 16. The hearing, titled “Ensuring Digital Asset Policy Built for the 21st Century,” will explore a tax policy framework for digital assets. This session highlights intensified efforts by House Republicans to advance key legislation targeting stablecoins, central bank digital currencies (CBDCs), and the broader cryptocurrency market structure. One of the central bills under review is the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act). This bill focuses on a regulatory framework for stablecoins. The Senate passed the measure on June 17, 2025, with a bipartisan vote of 68-30, and it now awaits review in the House of Representatives, which has introduced its own stablecoin bill, the STABLE Act. Potential amendments to the GENIUS Act may require a reconciliation process between the Senate and the House, as lawmakers anticipate finalizing the legislation before the August congressional recess. The Anti-CBDC Surveillance State Act is another focal point of the hearing. This act seeks to block the Federal Reserve from issuing a CBDC without congressional approval. The House passed its version of the bill in May 2024; however, a Senate companion version introduced in March 2025 remains with the Committee on Banking, Housing, and Urban Affairs. Supported predominantly by Republicans, this legislation reflects concerns about a CBDC's potential impact on financial privacy and government oversight. The third proposed measure is the Digital Asset Market Clarity (CLARITY) Act. This act aims to define the jurisdictional authority of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over digital assets. It offers transparency for developers and strengthens consumer protections. The legislation has cleared the House Committees on Agriculture and Financial Services and now awaits a floor vote in the House. The July 16 hearing comes amid broader legislative debates, including efforts to address cryptocurrency tax amendments. The final version of President Trump’s budget bill, however, excluded earlier attempts to resolve issues like double taxation in crypto mining, leaving these concerns unresolved for now. According to CoinMarketCap, Bitcoin (BTC) is trading at $30,512 as of 16:00 UTC on July 10, reflecting a 1.5% increase in daily trading volume. During the same period, Ethereum (ETH) is priced at $1,918, a gain of 3.2%. These market trends highlight the growing attention on digital assets as legislative developments progress.