Crypto Scenario Insights
What happened
A U.S. House Ways and Means Committee hearing revealed deep bipartisan divisions over proposed crypto tax reforms, particularly around mining and staking deferrals.
What we think
Low market relevance — no actionable scenario. From a market-structure perspective, the gridlock on these tax bills does not alter current capital flows, liquidity, or trading volumes.
Read the analysis
US Crypto Tax Reform Stalls in House: Will Mining and Staking Gridlock Dampen Institutional Appetite?
We explain what happened and what could follow. We do not forecast prices.