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U.S. House tax committee weighs crypto bills, including relief for small transactions

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The U.S. House tax committee is looking at crypto tax legislation that could overhaul the IRS's treatment of digital assets. (Jesse Hamilton/CoinDesk)

A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. House Ways and Means committee next week, with each of the legislative drafts tackling its own narrow aspect of digital assets tax treatment, including relaxing demands for taxes on small transactions and the assets gains in mining and staking.

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Summary

The U.S. House Ways and Means Committee is circulating seven crypto tax bill drafts that would tackle several the industry's tax priorities. The committee is set to have a hearing next week on June 9 to discuss the ideas, which address "de minimis" transactions, stablecoin activity and the proceeds of mining and staking. A set of seven crypto tax bills are being circulated in advance of a hearing of the U.S. The committee that oversees tax issues is set to discuss the ideas on June 9, and the legislative text indicates that the panel is targeting several areas with focused bills.

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