A congressional hearing on digital asset taxation has exposed sharply contrasting views on the future of crypto regulation.

While supporters argue that clear tax rules are essential for maintaining U.S. competitiveness, critics warn that proposed legislation could create special advantages for the industry and increase systemic risks.

Supporters: “We Have To Bring Stability To The Tax Code”

On June 16 in a house hearing, Rep. Max Miller (R-Ohio) said digital asset tax policy should be “coherent, administrable, and technologically neutral” and warned that isolated policy changes could create unintended consequences across the broader tax code.

“Every one in five Ohioans owns a form of…

Read more on Benzinga