Regulation▼ Bearish

Crypto Tax Push Faces Washington Roadblock as Clarity Act Stalls

TradingGain Newsroom·7d ago·22 Oct 2026, 19:51 UTC

The Blockchain Association asked congressional leaders to pass bipartisan crypto tax legislation. The Clarity Act looks close to dead, the House tax bill no longer includes mining and staking relief, and Congress is out until after the midterms. For traders, this means little near-term progress on crypto rules and tax relief.

BTCAt the time of writing, Bitcoin traded at $81,464 (-3.53% in 24h).Live price →

Why it matters

The Clarity Act is near dead, so a key crypto bill is unlikely to advance soon.
The House tax bill no longer includes relief for mining and staking.
Congress is out until after the midterms, leaving little time for crypto legislation.

What to watch next

Watch whether Congress revives any crypto tax or market structure bill once it returns after the midterm elections.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Bitcoin Magazine.Read original ↗

Crypto Tax Push Faces Washington Roadblock as Clarity Act Stalls — Story card · share it on your status or channel⬇ Download image

More stories

All news →

1h ago

Bitcoin● Neutral

Bitcoin mining difficulty rises to 148 trillion as miner revenue hits three-month low

Bitcoin mining difficulty has risen to 148 trillion, while miner revenues have dropped to their lowest level in three months. A snapshot from October 30 shows that a 25 J/TH mining rig could cover power costs of about 5.45 cents per kWh, assuming a 2% pool fee. For traders, weaker miner revenue can point to tighter profit margins across the mining sector.

BTCCryptoSlate ↗

1h ago

Bitcoin● Neutral● Important

Bitcoin Holds Above $76,000 Despite Binance Hack and Tech Sell-Off

Bitcoin stayed above $76,000 after a $6.3 billion hack at Binance and a sell-off in tech stocks. Liquidations of about $1.6 billion followed the hack, and momentum indicators point to a possible rebound.

BTCCointelegraph ↗

2h ago

Bitcoin▼ Bearish● Important

Binance hack pushes bitcoin and ether lower as crypto liquidations hit $1.57 billion

Bitcoin traded near $77,350 after a $6.3 billion hack at Binance, and ether also fell. Crypto futures liquidations jumped to $1.57 billion, meaning many leveraged trades were forced to close. Traders may want to watch risk levels closely as the sell-off unfolds.

BTCCoinDesk ↗

2h ago

Bitcoin● Neutral

Hacker wallets hold 18,270 BTC, more than Coinbase's reported corporate stash

Attackers linked to a Binance hack held 18,270 BTC early Friday, which is more than Coinbase's reported corporate holdings. They also held an Ether stash above 500,000 ETH. Large holdings like these could matter to traders if they move or get sold.

BTC ETHCointelegraph ↗

3h ago

Bitcoin● Neutral

Strategy CFO Andrew Kang resigns; MSTR shares fall 6% despite record quarterly income

Strategy's chief financial officer, Andrew Kang, is leaving the company even as it reports $21 billion in quarterly operating income. The firm also holds 848,517 BTC, and its MSTR stock fell 6%. Traders may watch how the leadership change and the share drop affect sentiment around the company's bitcoin holdings.

BTCCoinDesk ↗

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.