WASHINGTON, July 16 -- Sen. Steve Daines issued the following press release:

U.S. Senator Steve Daines today spoke with Francis Brooke, nominee to be Deputy Secretary of the Treasury, and Sriprakash Kothari, nominee to be Assistant Secretary of the Treasury in a Senate Finance committee hearing. They discussed the need for federal regulatory framework for digital assets.

Daines discussed the need for crypto tax framework:

Daines: Congratulations to each of the nominees here today, and thank you for the willingness to jump back in the arena and serve. In partnership with the administration, this Congress has taken historic steps to advance American leadership in digital assets. In fact, we've established the first federal regulatory frame...