Two US House committees have started formal review of separate cryptocurrency measures, one focused on tax treatment and the other on how the federal government would manage digital assets it already holds.
The House Ways and Means Committee opened markup on the Digital Asset Tax Certainty Act, while the House Financial Services Committee began considering the American Reserve Modernization Act. Both bills remain at an early legislative stage and would still need to pass the full House and Senate before reaching the president.
Tax bill enters committee markup
The Digital Asset Tax Certainty Act is being reviewed by the House Ways and Means Committee. According to the proposal, the bill would change how several common crypto-related activities are treated under US tax rules.
The measure would revise the treatment of small crypto rewards, transactions involving US dollar stablecoins, and the way gains and losses are calculated for major cryptocurrencies. It also aims to improve tax parity between digital assets and traditional financial assets, while adding rules for asset transfers tied to crypto lending agreements.
Financial Services panel weighs reserve proposal
At the same time, the House Financial Services Committee is reviewing the American Reserve Modernization Act, a separate bill centered on federal custody of digital assets. The proposal calls for the creation of a Strategic Bitcoin Reserve under the US Treasury, along with a separate reserve for other cryptocurrencies.
As described in the committee review process, the bill would require the government to manage Bitcoin obtained through seizures and other procedures in a more systematic way. It would also require regular disclosure of the government's Bitcoin holdings.
What the reserve measure would change
The reserve proposal is framed around organizing assets that the government has already acquired, rather than describing a broader new tax framework like the Ways and Means bill. Its focus is on Treasury oversight, storage, and reporting requirements for Bitcoin, while also establishing a distinct reserve structure for other cryptocurrencies.
The disclosure requirement is one of the clearest operational elements in the bill as outlined so far. If enacted, it would create a regular reporting obligation around federal Bitcoin holdings, adding a formal transparency component to how those assets are tracked.
Next steps before any bill can take effect
Committee markup is only one stage in the legislative process. Even if the two measures advance out of their respective committees, neither would become law automatically.
Each bill would still require approval by the full House of Representatives and the Senate. After that, the legislation would need the president's signature to take effect. At this point, the proposals are under review, and no final outcome has been determined.
Source: en.bloomingbit.io