US House sets vote on crypto taxes

TLDR

The US House Ways and Means Committee has scheduled a markup vote on the Digital Asset Tax Certainty Act, which would significantly update how crypto is taxed in the United States.

1. The bill would add a 10 dollar de minimis exemption for small crypto fees and clarify rules for stablecoins, lending, mining and staking.
2. It would keep mining and staking rewards taxable when received, extend wash sale rules to digital assets, and create a voluntary disclosure program for past crypto tax issues.
3. This is a committee vote, not yet a full House vote, and passage this year is uncertain, so key details could still change.

Deep Dive

1. Key Features Of The Crypto Tax Bill

The Digital Asset Tax Certainty Act (H.R. 10357) is a 114 page package that the House Ways and Means Committee will mark up at 10 a.m. Eastern on September 16, according to reporting on the Digital Asset Tax Certainty Act.

Its headline change is a de minimis exemption for qualifying blockchain network or transaction fees of 10 dollars or less, meaning taxpayers would ignore gains or losses on those small fee payments. Similar relief would apply to certain US dollar stablecoins, using redemption value near one dollar as the tax basis.

The bill also offers an optional annual accounting method for widely traded digital assets, letting some users report net gains and losses once per year instead of tracking every small transaction, with these simplifications starting in 2028.

2. Impact On Traders, Miners, Stakers And DeFi

For miners and stakers, the bill keeps a tough baseline. It classifies validation income as ordinary income and does not include the previously floated deferral of tax on newly created tokens until sale, as noted in coverage of mining and staking treatment. This means rewards remain taxable when received or controlled, not when sold.

For traders, the legislation would extend wash sale rules to digital assets, closing a loophole that let investors harvest losses and immediately buy back the same coin. It also clarifies that qualifying digital asset loans are not taxable sales and allows certain investment trusts to stake without losing their tax status.

The Joint Committee on Taxation estimates that the package would still raise roughly 500 million dollars in net federal revenue from 2027 to 2036, after balancing user friendly changes with tighter rules, according to revenue analysis.

3. Legislative Status And What To Watch Next

The scheduled markup is a committee stage, not final passage. Members will debate amendments and vote on whether to advance the bill to the full House. It must then clear the House, the Senate, and receive the presidents signature before any changes take effect.

Several reports note limited floor time and contested provisions, especially around mining and staking reward timing and the exact design of wash sale and fee rules, suggesting the bill may not become law in 2026 in its current form.

Confidence: moderate because the committee schedule is clear but floor timing, amendments and Senate politics remain unresolved.

Conclusion

The House scheduling a committee vote on the Digital Asset Tax Certainty Act marks a meaningful step toward clearer crypto tax rules, especially for small fees and stablecoin use.

If the bill advances and survives later stages with its core design intact, US crypto users could see easier compliance for everyday activity alongside stricter treatment of trading and reward income. Until a full House and Senate path emerges, the move is important mainly as a roadmap of where US tax policy for digital assets is likely headed.