Ways and Means approves crypto tax bill on bipartisan vote
Smith won committee approval for a cryptocurrency tax bill, though its prospects in Congress remain uncertain.
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tl;dr
The House Ways and Means Committee approved a cryptocurrency tax bill 38-5, a win for Chairman Jason Smith, though the bill’s path forward remains uncertain. The measure also addresses gambling-loss deductions and includes a separate tax-fraud provision.
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JSJason SmithR-Missouri-8
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