Digital Asset Tax Writers Finalize Bill as Crypto Picks Up Steam

A pair of House tax writers unveiled cryptocurrency taxation legislation Tuesday as Congress continues to focus its attention on regulating various aspects of digital assets.

The bill, released by House Ways and Means Committee members Reps. Steven Horsford (D-Nev.) and Max Miller (R-Ohio), follows a discussion draft the pair released in March. The bill was released in the aftermath of a bipartisan members-only roundtable last week on crypto taxation, a signal that they are seeking consensus on a legislative proposal before the end of this Congress.

The industry has asked Congress to weigh in on how digital assets should be …