The markup of the Digital Asset Tax Certainty Act is an important next step following the House Ways and Means Committee’s June 9th hearing. The bill reflects significant work undertaken by the Committee and staff. CCI appreciates the Committee’s continued willingness to engage with stakeholders throughout this process and its commitment to developing durable statutory rules for digital asset taxation. Our letter:

NOW LIVE: MARKET STRUCTURE MARKUP RECAP This week, the DEF team pulled together a 'Special Edition' of our weekly newsletter, DeFi Debrief. The Senate Banking Committee advanced Clarity Act, and we dig into the substance of the text, highlights, and what's to come. 👇

Clarity Act markup/vote has started. This is the Most important bill in the history of crypto and If it gets passed today, It will remove manipulation, give clarity on rules and bring TRILLIONS from institutions. With this, market will explode like we have never seen before in history. Patience.

COVID stimmies started the 2021 markup. Trump expands his proposed $5,000 “Trump Dividend” to all U.S. citizens if Republicans win the midterms The original proposal covered adults only and was estimated at more than $1.2T; expanding eligibility to all ~316M U.S. citizens would push the potential cost to roughly $1.58T. $1.58 trillion will be printed for this.

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