House Tax-Writers Huddle Over Crypto, Inching Toward a Bill

A House cryptocurrency taxation roundtable is generating momentum towards forging bipartisan legislation by year’s end, tax writers in attendance said Thursday.

A majority of House Ways and Means Committee lawmakers from both parties attended the members-only discussion, which featured practitioners, academics and finance industry officials. The panel fielded questions on a range of topics on how tax writers can protect consumers against financial risk to making sure the digital currency can’t be used to fund criminal activity.

“A lot of legislation passes at the end of the year after an election. There’s a lot more bipartisanship that happens. A lot ...