The U.S. House of Representatives' tax committee held hearings on a package of tax initiatives for digital assets. Legislators discussed six bills, one draft proposal, and amendments to two initiatives. The package addresses tax reporting for small transactions, mining and staking, donations in digital assets, voluntary disclosure of violations, and the application of anti-abuse rules to the market. According to The Block, the hearings revealed disagreements over the timeline for advancing these initiatives. Republicans emphasize the need for clear rules, while some Democrats pointed to the risks of abuse, particularly regarding the deferral of taxes on income from mining and staking.