While the Senate's Clarity Act remains stuck in place, the House has already pushed its crypto tax draft out of committee. Just one day apart, yet the outcomes couldn't be more different.
The House Ways and Means Committee voted to pass a crypto tax bill, marking the first comprehensive federal framework for crypto taxation to date. The bill now heads to the full House floor for consideration, though it hasn't reached the voting stage yet.
This progress comes a day after the Senate's Clarity Act hit a snag in its advancement. Both chambers are tackling similar issues this week but moving at very different paces. Details on the bill's contents and when it will be scheduled for a House floor vote have not yet been made public.
