U.S. Crypto Tax Reform Stalls in Gridlock as Russia Advances Bill

U.S. House Ways and Means Committee crypto tax reform efforts collapsed into bipartisan gridlock by June 10, with Democrats deeming six bills premature and warning of tax-deferral abuse, making Senate passage before year-end unlikely. The push began June 4 with seven draft bills targeting mining/staking double taxation, wash-sale rules, and de minimis exemptions, but devolved amid hearings and objections by June 9. Meanwhile, Russia’s State Duma passed its first reading of a crypto tax bill on June 10, while the White House convened a CLARITY Act law-enforcement summit over money-laundering concerns and Sen. Warren criticized CFTC enforcement drops.