The U.S. House Ways and Means Committee will hold hearings focused on digital asset tax policy on July 14, 2025. This event is expected to significantly influence crypto regulation in the country.
Goals of the Hearing and Crypto Week Events
On July 14, 2025, the Oversight Subcommittee of the House Ways and Means Committee will hold hearings titled 'Making America the Global Cryptocurrency Capital'. The main objective is to create a 21st-century tax policy for digital assets. Speaker Mike Johnson has proclaimed this week as 'Crypto Week' to concentrate Congressional attention on digital asset policy.
Historical Perspective and Market Impact
The proposed bills, such as the CLARITY Act and the GENIUS Act, being discussed during these hearings may lead to deregulation in U.S. markets. Stakeholders, governments, and market entities are closely monitoring these developments, which could reshape the landscape of crypto legislation and investments. Historical legislative actions, like the 2021 Infrastructure Bill, resulted in increased compliance costs and volatility in Bitcoin.
Market Data Overview
As of July 6, 2025, Bitcoin (BTC) is priced at $109,181.98, with a market cap of $2,171,478,390,045.94. Over the last 24 hours, the price of BTC increased by 0.87%, while the 90-day increase stands at 36.91%. Total trading volume surged by 19.20% in a day. The anticipated deregulatory measures could stimulate a favorable investment climate and regulatory clarity.
The discussion on digital asset tax policy in the U.S. is poised to significantly alter the cryptocurrency market. The focus on these issues underscores the country’s ambition to become a global cryptocurrency hub.
