Crypto Tax Bills Face Pushback in House Committee Hearing

A House hearing on six crypto tax bills revealed a lack of bipartisan consensus on the subject Tuesday, with industry leaders pushing to expand the legislation—and Democrats questioning whether the entire process should be slowed down significantly. Unspoken at the proceedings, but playing a major role behind the scenes, is the likelihood that Democrats will retake the House in November’s midterm elections. Republicans in both chambers are racing to get crypto bills passed while their party sti...