[Key U.S. House Committee Preparing Legislation to Establish Cryptocurrency Tax Framework] According to Bloomberg, the U.S. House Ways and Means Committee is preparing legislation to establish a cryptocurrency tax framework, which could be released as early as Friday, followed by a hearing early next week. Committee Chairman Jason Smith has made developing a tax framework for digital assets a top priority, with the Treasury Department also involved in the process. The committee is expected to release seven bills, addressing issues such as when tokens obtained through mining or staking are taxed, exempting certain stablecoin transactions from capital gains tax, aligning the tax treatment of digital assets with that of securities (including charitable donations), creating a safe harbor for foreign investors trading U.S. securities to avoid being taxed as domestic entities, and extending wash sale rules to digital assets.