Crypto markets experienced a decline ahead of CPI data, influenced by geopolitical events and the release of Anthropic's Claude Fable 5. Meanwhile, crypto tax reform bills face delays in the House, and Morpho secured $175M to expand its onchain credit network.
A House hearing on six GOP crypto tax bills exposed a lack of bipartisan consensus, with Democrats questioning exemptions for staking and mining rewards and industry leaders pushing for broader tax relief on everyday crypto payments.
Bitcoin rebounds to $63.5k after a brief dip below $60k, ZEC surges 50% on Ironwood proposal, SpaceX prepares for a $75 billion IPO, and Congress advances 7 crypto tax bills.
House Republicans introduce 7 crypto tax bills for a Tuesday hearing, including exemptions for staking rewards and $10 de minimis for gas fees, but stop short of broader exemptions for everyday crypto purchases.
