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House Ways and Means Committee advances Digital Asset Tax Certainty Act
The House Ways and Means Committee has advanced the Digital Asset Tax Certainty Act (H.R. 10357) following a 38–5 vote. The 114-page bill represents the first federal tax framework specifically designed for digital assets, aiming to provide regulatory clarity for the industry.
Key provisions include a $10 de minimis exemption for qualifying blockchain network and transaction fees, which would allow users to avoid recognizing gains or losses on small payments. The bill also proposes special tax treatment for qualifying U.S. dollar stablecoins and simplifies accounting for widely traded digital assets.
While the bill offers relief for small transactions, it maintains several existing tax principles. It extends wash-sale and constructive-sale rules to digital assets and classifies income from blockchain validator activities, such as mining and staking, as ordinary income. Notably, the current text does not include a provision allowing miners or stakers to defer taxation on rewards until tokens are sold.
The Joint Committee on Taxation estimates the legislation could increase federal receipts by approximately $500 million between fiscal 2027 and 2036. The bill now moves toward consideration by the full House.
Entities
Digital Asset Tax Certainty Act · H.R. 10357 · House Ways and Means Committee · Internal Revenue Code · Jared Golden · Jason Smith · Nick Begich · Scott Bessent · Steven Horsford · U.S. House of Representatives · US Department of the Treasury · US House Financial Services Committee
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The bill classifies income from blockchain validator activities as ordinary income. bitcoinethereumnews.com · decrypt.co · www.pymnts.com
- [● 12 SOURCES] The bill includes a $10 de minimis exemption for qualifying blockchain network and transaction fees. ambcrypto.com · www.tronweekly.com · bitcoinethereumnews.com · coindoo.com · crypto.news · +6 more
- [○ 1 SOURCE] Democratic Representative Steven Horsford indicated support for the latest text of the bill.
- [● 4 SOURCES] Users who completed more than 5,000 transfers in the previous year are excluded from the $10 fee tax exemption. www.tronweekly.com · cryptoslate.com
- [● 4 SOURCES] The tax package excludes provisions that would allow miners and stakers to defer taxation on rewards until tokens are sold. bitcoinethereumnews.com · decrypt.co
- [● 7 SOURCES] The legislation proposes special tax treatment for qualifying U.S. dollar stablecoins. bitcoinethereumnews.com · ambcrypto.com · crypto.news · www.cryptobreaking.com · coingape.com · +2 more
- [● 8 SOURCES] The package extends wash-sale and constructive-sale rules to digital assets. ambcrypto.com · bitcoinethereumnews.com · www.cryptobreaking.com · coingape.com · www.cryptopolitan.com · +2 more
- [DISPUTED] The House Ways and Means Committee will hold a markup for the Digital Asset Tax Certainty Act (H.R. 10357) on September 16. bitcoinethereumnews.com · ambcrypto.com
- [DISPUTED] The House Ways and Means Committee approved the Digital Asset Tax Certainty Act (H.R. 10357) with a 38–5 vote. coindoo.com · crypto.news · www.cryptobreaking.com · www.pymnts.com
- [○ 1 SOURCE] The legislation is estimated to increase federal receipts by approximately $500 million between fiscal 2027 and 2036. cryptoslate.com