U.S. House failed again to vote on key crypto bills, despite Trumps promise

The U.S. House of Representatives failed to vote on key cryptocurrency bills as planned due to disagreements among Republicans. A proposed deal to merge a bill about crypto market structure with one banning central bank digital currencies (CBDC) faced immediate backlash from key lawmakers, stalling progress. The initial plan to vote on the bills was disrupted by internal conflicts within the Republican party, despite Trump's earlier assurances that the votes would occur. While House leadership grappled with these issues, Representative Max Miller introduced a new legislative proposal focused on clarifying how digital assets are taxed. Miller's proposal includes a de minimis exemption for small crypto transactions, clarifies the tax implications of crypto mining and staking, and revises wash sale rules to prevent tax avoidance. The bill also addresses the treatment of digital assets in retirement plans, loans, and donations.