Ways and Means Republicans rolled out six standalone bills and a discussion draft ahead of today’s crypto tax hearing at 2pm ET.
The bills address crypto donations, mining and staking taxation, reporting requirements, tax treatment parity, voluntary disclosure, and applying existing tax anti-abuse rules to digital assets. The discussion draft targets the use of offshore crypto tax shelters.
Witnesses include:
📌Sarah Reilly, Vice President and Senior Tax Counsel, @Fidelity
📌@LawrenceZlatkin, Vice President of Tax, @coinbase
📌@jasonsomensatto, Director of Policy, @coincenter
📌Mike Kaercher, Deputy Director,
Tax Law Center at @nyulaw
🚨SCOOP: The House Ways and Means Committee is circulating a package of SEVEN digital asset tax discussion drafts that would overhaul how crypto is taxed in the U.S.
The bills tackle everything from stablecoin transactions, mining and staking, crypto lending and wash sale rules to charitable donations and a voluntary disclosure program for taxpayers with past digital asset reporting issues.
The move effectively breaks apart the broader Miller-Horsford Digital Asset PARITY Act, as well as similar legislation introduced last year by @SenLummis, into a series of standalone proposals.
The drafts will likely feature prominently at Tuesday’s scheduled Ways and Means hearing on crypto taxation.
@timburchett I agree. This needs fixed. Senators need a pay increase so that they don't "need" to do insider trading. Once we accomplish that then we can make insider trading illegal.
If @JohnThune doesn't understand what it means to get ratioed on @X by @ScottPresler, he's about to learn exactly what getting ratioed in a primary feels like. 😂😂😂
🚨ANNOUNCEMENT🚨
.@EarlyVoteAction is setting up shop in South Dakota.
In addition to the staff we have on the ground — right now — in Pennsylvania,
we’ll also be hiring in South Dakota.
After Senator Cassidy’s loss in Louisiana & Senator Cornyn’s loss in Texas, Leader Thune still has the opportunity to pass the SAVE America Act.
I’ll be attending the South Dakota Republican State Convention in June.
My goal is to meet with as many donors & business owners as possible to start this statewide operation in preparation for 2028.
Another goal is to begin interviewing prospective field staff.
👉I can make one promise: If the SAVE America Act does not go into effect BEFORE November 2026,
Leader Thune will have a Texas-sized primary on his hands — peacefully👈
If you live in South Dakota, please reach out to me.
Game on.
Intellectual property (IP) rights should be abolished.
IP rights ultimately retard human progress and innovation.
IP rights such as patents, copyrights, and (to a lesser extent) trademarks are a government-created legal MONOPLY that gives creators temporary exclusive control over ideas, expressions, inventions, or designs.
meme credit to @grok and @xai
These posts are from 2007...
I'm not the same person I was last year yet alone almost 2 decades ago.
Would you let the 10 year old version of yourself make decisions?
I think its best to ask his opinion today about these post rather than taken this as his point of view today.