Republicans on the House Tax Committee unveil six draft crypto tax bills.

PANews reported on June 9th that, according to Eleanor Terrett, Republicans on the House Ways and Means Committee released six separate bills and a discussion draft ahead of today's crypto tax hearing. These bills focus on crypto donations, mining and staking taxes, reporting requirements, tax treatment consistency, voluntary disclosure, and applying existing anti-tax avoidance rules to the digital asset space. The discussion draft addresses offshore crypto tax avoidance arrangements. Hearing witnesses include Sarah Reilly, Vice President and Senior Tax Advisor at Fidelity; Lawrence Zlatkin, Vice President of Tax at Coinbase; Jason Somensatto, Director of Policy at Coin Center; and Mike Kaercher, Associate Director of the Tax Law Center at NYU School of Law.

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