House Panel Releases 114-Page Crypto Tax Bill
The House Ways and Means Committee published a legislative draft to regulate digital asset taxation. The document targets de minimis transactions and staking rewards.
The U.S. House Ways and Means Committee released a 114-page crypto tax bill on Monday. The document prepares for a markup hearing scheduled for Wednesday, September 16. Lawmakers will debate specific provisions and vote on whether to advance the measure.
The bill is titled the Digital Asset Tax Certainty Act. It addresses de minimis transactions, gain and loss accounting, and wash sale rules. These topics have been central to industry requests for regulatory clarity.
Key provisions target small transactions
The legislation eliminates taxes on network fees below $10. Individuals engaged in more than 5,000 transfers in the prior year are excluded from this exemption. Currently, users must report capital gains on these small-dollar transactions.
The bill also clarifies ownership treatment for digital asset dispositions. It directs the Treasury secretary and the IRS to develop new rules. This follows previous legislative attempts by Representatives Steven Horsford and Max Miller.
Legislative timeline faces procedural hurdles
The House is scheduled to break later this week until after the November election. This limits the time available to debate and vote on the tax bill. The measure is unlikely to become law in the current session.
Progress in 2026 could set the stage for continued work in 2027. The Senate is scheduled to hold its first vote on the Digital Asset Market Clarity Act on Tuesday. Sixty lawmakers must support the measure to continue the debate.
Market context and industry reaction
Tokenized equities lead real-world asset inflows as the market recovers. Binance's bStocks reached approximately $118.5 million in volume over two months. This product is now the second-largest issuer in the space.
bStocks account for roughly 90 percent of on-chain equity DEX volume. These metrics highlight the growing relevance of digital assets in mainstream finance. The proposed tax rules aim to address this expanding sector. Source GN markets/crypto (en-US) notes the significance of these legislative moves.
