US House committee advances crypto tax overhaul in 38–5 vote

A bipartisan committee in the US House of Representatives has advanced legislation that would revise federal tax rules covering several areas of the digital-asset market. The measure passed by a 38–5 vote, according to Cointelegraph. Its scope includes stablecoins, staking, crypto lending and transactions involving digital assets. The vote moves the proposed tax overhaul forward, but the supplied report does not provide details on the bill’s next legislative step, implementation timing or the specific changes it would make to each category. The development is relevant to market participants tracking the potential regulatory treatment of crypto-related activity in the United States. The legislation’s coverage of stablecoins and other commonly used digital-asset services could affect how those activities are addressed under federal tax rules if the proposal advances further. No information was provided on market-price reactions or the bill’s prospects beyond the committee vote.