U.S. House Committee Postpones Digital Asset Tax Policy Hearing

Key Takeaways:A U.S. House Ways and Means Subcommittee hearing on crypto tax policy has been delayed.The session was intended to explore making the U.S. the global hub for digital assets.A new date has not yet been set due to the House recess.A scheduled hearing by the U.S. House Ways and Means Oversight Subcommittee on the "Digital Asset Tax Policy Framework" has been postponed, according to Fox Business reporter Eleanor Terrett.The hearing, originally slated for this week, aimed to explore how the United States could establish a modern tax framework for digital assets and position itself as a global leader in the cryptocurrency space. However, due to the House of Representatives being in recess, the session has been delayed, with a new date yet to be announced.The hearing was expected to address key challenges in regulating and taxing digital assets in a rapidly evolving global market and contribute to shaping a 21st-century tax infrastructure that accommodates blockchain innovation.