Last Tuesday’s House Ways and Means Committee hearing on digital asset tax bills was pretty straightforward. The members of the committee asked largely substantive questions, seemingly aimed at better understanding both how crypto taxes might work as well as what holes exist in current tax policy. There was no sniping at each other, no real pot shots at President Donald Trump and his family and no major arguments. At most, we had a few lawmakers question whether crypto is really an urgent issue amid current economic conditions.

In agency news, the CFTC published a proposal for better regulating prediction markets, giving the general public some time to weigh in, even as the various legal cases continue.

Why it matters

Crypto taxes are the…