Substantive legislation addressing regulation of cryptocurrency is unlikely in 2024 but could get traction under a new Congress in 2025, a top lawyer with the Joint Committee on Taxation said Wednesday.
Jeffrey Arbeit, legislation counsel at the joint committee, said there are several proposals addressing digital assets before Congress and lawmakers are generally interested in developing a new statutory framework. Formal action on both comprehensive and small-scale reforms, however, is unlikely in the current climate.
“It seems hard to see how that moves forward for 2024,” Arbeit said during a panel discussion at the 2024 D.C. Bar Tax ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.