The House Ways and Means Committee has introduced a crypto tax bill that addresses de minimis transactions, staking, and other key issues sought by the industry.
By Nikhilesh De|Edited by Jesse Hamilton12 hrs ago2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on House Ways and Means Chair Jason Smith (Alex Wong/Getty Images)A panel from the U.S. House of Representatives is set to vote on a significant crypto tax initiative on Wednesday, which could initiate the legislative journey for crypto taxation.
The House Ways and Means Committee unveiled a 114-page crypto tax proposal late Monday, in anticipation of a markup hearing on Wednesday, where lawmakers will discuss the bill's provisions and decide whether to move forward with it. The legislation, called the "Digital Asset Tax Certainty Act," covers de minimis transactions, accounting for gains and losses, transfers, wash sale regulations, mining, staking, and broker requirements, among other topics.
This bill is a continuation of previous efforts led by Representatives Steven Horsford and Max Miller, who have proposed various crypto tax laws over the last year.
One of the key features of the bill is the removal of taxes on de minimis network or transaction fees, which would exempt any fees under $10. However, individuals who conducted more than 5,000 transfers in the previous year would not qualify for this exemption. The elimination of taxes on small transactions has been a significant demand from the cryptocurrency sector, with supporters arguing that it would facilitate the use of digital assets for minor purchases, such as coffee. Currently, anyone using digital assets for transactions is required to report any capital gains or losses, even for trivial amounts.
Additionally, many sections of the bill focus on tokenized assets, while another part seeks to clarify how ownership is defined regarding the disposition of digital assets.
The legislation instructs the U.S. Treasury Secretary and the Internal Revenue Service to create and issue new rules as necessary.
The markup session by the House Ways and Means Committee is slated for 10:00 a.m. ET on Wednesday, September 16. This could represent the first significant step forward for crypto tax legislation in the U.S. Congress, although the bill is not expected to become law this year. The House is scheduled to adjourn later this week until after the November elections, which limits the time available for debate and voting on the tax bill. Nevertheless, any advancements made in 2026 may pave the way for continued discussions in 2027, when the new Congress is inaugurated.
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State of CryptoInvestigating the intersection of cryptocurrency and governance.PreviewBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.When the House reconvenes in Washington, D.C. this fall, it may be considering the Digital Asset Market Clarity Act, provided the Senate can pass it — a scenario that remains uncertain as of now. The Senate is expected to conduct its first vote on Tuesday and requires support from 60 senators to proceed with debate and legislative actions. Democrats have raised concerns regarding a revised ethics provision included in the bill's text shared on Sunday.
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Tokenized Equities Lead RWA Inflows as bStocks Sets the Pace
Tokenized Equities Lead RWA Inflows as bStocks Sets the Pace
Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.
By CoinDesk ResearchAug 27, 2026Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.
Why it matters:
Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.
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