White House · US Congress · Decrypt
Crypto Tax Bill Clears House Committee After Clarity Act Setback
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The House Ways and Means Committee approved the Digital Asset Tax Certainty Act Wednesday, sending a proposal to overhaul crypto taxation to the full House.
Key facts
- For crypto users, the proposal would remove gain-or-loss calculations on qualifying network or transaction fees of $10 or less
- The House Ways and Means Committee approved the Digital Asset Tax Certainty Act Wednesday, sending a proposal to overhaul crypto taxation to the full House
- The relief would begin in 2028 and apply to eligible fee payments, not small crypto purchases generally
- The committee announced the markup on Monday, scheduling the session for lawmakers to review H.R. 10357, consider amendments and vote on whether to send it to the full House
Summary
The House Ways and Means Committee approved the Digital Asset Tax Certainty Act. The proposal covers transaction fees, stablecoins, mining, staking and lending. The bill must still pass both chambers of Congress before reaching the president. The committee announced the markup on Monday, scheduling the session for lawmakers to review H.R. 10357, consider amendments and vote on whether to send it to the full House.