House Speaker Aims for Tax Bill Deadline of July 4th

U.S. House Speaker Mike Johnson has set a deadline of July 4th, 2025 for the finalization of the new tax bill. This legislation, a key part of President Trump’s economic agenda, is expected to significantly alter reporting rules for major cryptocurrencies like Bitcoin and Ethereum. Speaker Johnson aims to secure Republican support within the House to expedite the process. While President Trump has championed comprehensive tax reform, it faces opposition from some GOP members. The potential impact on the financial sector and cryptocurrency exchanges remains a topic of discussion.