Topic
Bills and congressional action setting federal rules for digital asset markets in the United States, including market structure and issuer licensing.
Ten percent of Hill aides polled by Punchbowl News expect a digital-asset tax bill to pass before Dec. 31, 2026. Crypto firms and investors face year-end and 2027 under current rules while the House bill's $10 fee exemption and wash-sale extension wait on a crowded lame-duck Senate.
Reality
Sen. Steve Daines's 13-section draft would stop taxing near-$1 stablecoin payments and network fees of $10 or less, while extending wash-sale rules to crypto. The relief goes to people who spend stablecoins, and the cost falls on trading desks that sell at a loss and buy straight back.
Reality
The integration reaches about a quarter of America's 4,000 community banks with payment acceptance that needs no new statute, which leaves the Senate's Clarity Act vote to decide the value of the rewards option rather than the plumbing.
Perspective Coverage
5 publishersReality
Senator John Curtis wants the Judiciary Committee to compel testimony from Donald Trump Jr. and Hunter Biden over their family business dealings. Durbin backed the request, though a subpoena still needs Grassley.
Reality
The version reported out of committee 28-21 keeps a 20-year lock on the 324,527 Bitcoin the government already holds and cuts proof-of-reserve reporting to once a year, with new buying left to a study.
Reality
The coalition wants a payment keyed to a stablecoin balance treated the way regulators treat interest on a deposit, and it is asking for that inside two subsections of a bill already headed to a cloture vote.
Reality