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#ClarityActTaxHearings: The Market Structure Bill Doesn't Touch Taxes. That's a Separate Fight Nobody's Winning Yet. Here's the thing most people following the CLARITY Act don't realize: the 309-page bill that cleared committee 15-9 and is now four steps from law says nothing about how your crypto gets taxed. Tax treatment of digital assets is handled separately — through the PARITY Act and existing IRS guidance. CLARITY is a market structure bill. It answers who regulates what, what counts as a security versus a commodity, and how stablecoins work. It doesn't answer whether your airdrop is ordinary income, whether staking rewards get taxed at receipt, or whether like-kind exchange treatment applies to crypto swaps. Lawmakers set an aggressive goal to finish digital asset tax legislation by end of Q1 2026. That timeline slipped. It's still slipping. The PARITY Act hasn't cleared any committee. Tax reform for crypto requires both the Senate Finance Committee and Senate Banking to coordinate — two committees, two jurisdictions, two sets of politics. Meanwhile the CLARITY Act is racing toward a July 4 signing deadline with four remaining steps and six working weeks left. The practical problem is real. Institutions waiting for full regulatory clarity are getting a partial answer. They'll know which regulator owns which asset. They won't know the tax treatment of their staking yield, their DeFi swaps, or their token grants. That gap matters for anyone running a fund, a treasury, or a product that pays users in digital assets. Polymarket has CLARITY Act passage at 59%. Galaxy bet $10 million on it. Patrick Witt sees a July 4 signing. But even if it all goes perfectly, crypto's tax question has no deadline, no champion, and no clear path before the August recess. The regulation is getting done. The tax code is waiting its turn. #ClarityActTaxHearings