House crypto tax bills face bipartisan roadblock as Democrats push to slow reform
A new push to overhaul U.S. crypto tax rules is facing growing resistance in Congress, as a House hearing on six separate bills exposed sharp divisions between Republicans, Democrats, and the crypto industry. While Republican lawmakers have pushed for faster action to modernize crypto tax treatment and provide clearer rules for investors and companies some Democrats on the House Ways & Means Committee say the proposed changes are too rapid. The proposals are believed to potentially introduce new risks to financial markets without sufficient analysis or safeguards