House Accelerates Crypto Regulation Push with Simultaneous Tax and Reserve Bill Reviews

Despite facing resistance in the Senate, the U.S. House of Representatives has continued to push forward on building a national framework for digital assets.

On September 16, the House Committee on Ways and Means and the Committee on Financial Services simultaneously launched initiatives to review cryptocurrency tax legislation and several core bills, including the Strategic Bitcoin Reserve Act.

The House is attempting to accelerate the reshaping of America's financial hegemony in the Web3 era through 'tax system rationalization' and 'sovereign reserve establishment.'