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‘Stop Lawmakers From Predicting’: GOP Bill Targets Congress Betting on Kalshi and Polymarket

Republican Rep. Bryan Steil has introduced the Stop Lawmakers from Predicting Act, a bill that would bar House members, their spouses and their children from wagering on political and policy outcomes via prediction markets. A New Line Between Lawmaking and Betting Rep. Bryan Steil (R-Wis.), chairman of the Committee on House Administration, unveiled the measure […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati20 Jun

Congress to Probe Whether Crypto Can Challenge China and Russia’s Grip on Financial Freedom

House lawmakers will review how digital assets could support people living under repressive governments or failing financial systems, tying cryptocurrency access to U.S. national security. House Roundtable Will Review Digital Assets and Repressive Financial Systems A congressional announcement issued June 18 scheduled a June 25 roundtable on how digital assets may help people facing repressive […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms20 Jun

Crypto Investors Could Lose Key Tax Advantage Under New House Proposal

Proposed crypto tax changes could limit loss-harvesting strategies by extending wash sale and constructive sale rules to many digital assets, while providing limited exemptions for certain categories of crypto activity. House Proposal Would Bring Crypto Trades Under Wash Sale Restrictions House Budget Chairman Jodey Arrington (R-TX) on June 17 issued a press release highlighting H.R. […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms18 Jun

Congress Examines 8 Crypto Tax Proposals as $2T Market Faces Compliance Burden

House tax lawmakers reviewed eight digital asset tax proposals seeking clearer rules for crypto payments, mining, staking, donations, and compliance. The measures aim to reduce paperwork for digital asset users while establishing clearer tax treatment for key activities across the sector. House Tax Panel Reviews Eight Digital Asset Tax Proposals The House Ways and Means […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms14 Jun