Is a Strategic Bitcoin Reserve Closer to Becoming Law? A House Panel Just Voted 28-21

Two House committees advanced crypto legislation on Wednesday, approving a bill to establish a Strategic Bitcoin (BTC) Reserve and a separate measure setting federal tax rules for digital assets.

The votes arrived one day after the Senate failed to invoke cloture on the CLARITY Act. The vote stalled a key effort to establish a clearer regulatory framework for the crypto industry.

Two Committees, Two Separate Tracks The Digital Asset Market Clarity (CLARITY) Act failed to advance in the US Senate on September 15.

House Financial Services Chairman French Hill and House Agriculture Chairman Glenn Thompson said afterward that Congress still needs to set rules for the sector.