US Senate moves to unveil digital‑asset tax plan and bans Fed CBDC for four years

The Senate Finance Committee, led by Chair Mike Kreps, is working on a digital‑asset tax bill that could be released as early as fall 2026. The draft aims to establish clear tax rules for cryptocurrencies, including how staking rewards are taxed, and treats certain digital assets similarly to traditional securities. Wyoming Senator Cynthia Lummis, a noted crypto‑friendly legislator, is a prominent supporter.

In a separate action, the Senate passed an amendment to a bipartisan housing bill that bars the Federal Reserve from issuing a central‑bank digital currency for roughly four years, ending by the close of 2030. The measure passed 85‑5 and now awaits House approval and a signature from President Donald Trump. If enacted, the ban would steer U.S. digital‑currency policy toward private stablecoins rather than a government‑issued digital dollar.