News: Crypto is the next big thing to watch in the tax world. GOP tax writers are working to put together legislation addressing tax rules for digital assets.
The effort from the House Ways and Means and Senate Finance panels is still in the early stages. But there’s an interest in being ready with a committee product in the months ahead. Ways and Means and Finance Republicans are actively discussing and coordinating on the potential bill.
Republicans want the final product to be bipartisan, which would make it easier to get through Congress. There’s been outreach from House GOP members to their Democratic counterparts about the possibility, according to multiple people with knowledge of the conversations.
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