KELLY-BACKED "DIGITAL ASSET TAX CERTAINTY ACT" PASSES WAYS & MEANS COMMITTEE, ADVANCES TO FULL U.S. HOUSE VOTE

Washington, Sept. 16 -- Rep. Mike Kelly issued the following press release:

WASHINGTON, D.C. -- Today, the Ways & Means Committee passed the bipartisan H.R. 10357, the Digital Asset Tax Certainty Act, legislation co-led by U.S. Rep. Mike Kelly (R-PA), Chairman of the Ways & Means Tax Subcommittee, which provides a comprehensive framework for the tax treatment of digital assets, such as cryptocurrencies and stablecoins. The legislation, which passed 38-5, modernizes the federal tax code for digital assets by simplifying rules for ordinary crypto users while establishing clearer tax reporting and compliance requirements for investors, businesses, and digital-asset brokers, among others. The Digital Asset Tax Certainty Act also includes Kelly...