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[SITUATION] · [QUIET] · [POLITICS]

2 clusters · 19 sources · 3 days · First seen 12 days ago · Last updated 9 days ago

House Ways and Means Committee approves crypto tax bill

Overview

The U.S. House Ways and Means Committee has approved the Digital Asset Tax Certainty Act (H.R. 10357) in a 38–5 vote. The 114-page legislative package aims to establish a formal tax framework for digital assets, specifically addressing blockchain network fees, staking, mining, and stablecoins.

Key provisions include a $10 de minimis exemption for qualifying blockchain network and transaction fees, which removes the requirement to calculate gains or losses on small amounts. This exemption excludes high-volume users with more than 5,000 transfers in the prior year. The bill also proposes special tax treatment for qualifying U.S. dollar stablecoins and extends wash-sale and constructive-sale rules to digital assets.

Consistent with previous drafts, the bill excludes a provision to allow miners and stakers to defer taxation on rewards; income from digital asset validation activities will instead be treated as ordinary income. The Joint Committee on Taxation estimates the legislation could increase federal receipts by approximately $500 million net between fiscal years 2027 and 2036. The bill now moves to the full House for consideration.

Entities

U.S. House of Representatives · House Ways and Means Committee · H.R. 10357 · Scott Bessent · US House Financial Services Committee

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

"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

vs

"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 · crypto.news · ambcrypto.com · coingape.com

One claim states the committee will hold a markup on September 16, while the other states the committee has already approved the bill.

[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 · crypto.news · ambcrypto.com · coingape.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
[● 12 SOURCES] The bill includes a $10 de minimis exemption for qualifying blockchain network and transaction fees. crypto.news · ambcrypto.com · coingape.com · www.tronweekly.com · bitcoinethereumnews.com · +7 more
[● 8 SOURCES] The package extends wash-sale and constructive-sale rules to digital assets. crypto.news · ambcrypto.com · coingape.com · bitcoinethereumnews.com · www.cryptobreaking.com · +3 more
[● 7 SOURCES] The legislation proposes special tax treatment for qualifying U.S. dollar stablecoins. bitcoinethereumnews.com · crypto.news · ambcrypto.com · www.cryptobreaking.com · coingape.com · +2 more
[● 4 SOURCES] The tax package excludes provisions that would allow miners and stakers to defer taxation on rewards until tokens are sold. bitcoinethereumnews.com · crypto.news · coingape.com · decrypt.co
[● 4 SOURCES] The bill classifies income from blockchain validator activities as ordinary income. bitcoinethereumnews.com · unchainedcrypto.com · decrypt.co · www.pymnts.com
[● 4 SOURCES] Users who completed more than 5,000 transfers in the previous year are excluded from the $10 fee tax exemption. crypto.news · www.tronweekly.com · cryptoslate.com · unchainedcrypto.com
[○ 1 SOURCE] Democratic Representative Steven Horsford indicated support for the latest text of the bill. coingape.com
[○ 1 SOURCE] The legislation is estimated to increase federal receipts by approximately $500 million between fiscal 2027 and 2036. cryptoslate.com

Timeline

9 days ago

[POLITICS] 16 sources
House Ways and Means Committee advances Digital Asset Tax Certainty Act
The House Ways and Means Committee approved the Digital Asset Tax Certainty Act (H.R. 10357) in a 38–5 vote, establishing a federal tax framework for crypto that includes a $10 fee exemption.
12 days ago

[POLITICS] 4 sources
House Ways and Means Committee schedules crypto tax review
The U.S. House Ways and Means Committee will hold a markup session on September 16 to consider cryptocurrency tax rules, including potential miner tax deferrals and wash-sale restrictions.

Sources

ambcrypto.com · bitcoinethereumnews.com · cahighways.org · coincu.com · coindoo.com · coinedition.com · coingape.com · coinpedia.org · criptotendencias.com · crypto.news · cryptobreaking.com · cryptobriefing.com · cryptopolitan.com · cryptoslate.com · decrypt.co · newsable.asianetnews.com · pymnts.com · tronweekly.com · unchainedcrypto.com

This summary has been updated 1 time: see revision history