Search results for French Hill
Crypto
Digital asset taxation next year in focus as bitcoin battles around $80,000
With South Korea set to implement digital asset taxation in 2027, calls are growing to overhaul a system that classifies both capital gains and lending income as miscellaneous income. Critics say income should be separated by transaction type and tax infrastructure built to link data from exchanges and personal wallets. The article also tracks U.S. legislative timing risks for the Clarity Act, a bitcoin rally above $81,000, shifts in correlations, Japan’s rate and regulatory moves, and notable on-chain activity.
Crypto
Clarity Act vote set for Sept. 15; French Hill says bipartisan passage expected
The U.S. Congress is set to vote on the crypto market structure Clarity Act on Sept. 15, with bipartisan cooperation seen as the key variable. Republican Representative French Hill said passage before the midterm elections would require Democrats and Republicans to work together and that the parties have narrowed differences over drafting. Debate has been delayed by conflicts over stablecoin customer yields and a new ethics-focused draft.
Crypto
Clarity Act Senate vote nears as U.S. House lawmaker urges action in July
U.S. House Financial Services Committee Chairman French Hill urged the Senate to bring the digital asset market structure bill known as the Clarity Act to a vote in July. He said setting a deadline is needed to reach agreement before the summer recess. Debate in the Senate has lagged since the House passed the bill about a year ago. Critics cite ethics concerns tied to President Donald Trump’s crypto ventures.
