US Crypto Tax Bill Clears House Committee in 38-5 Vote
The measure would set a $10 small-transaction threshold and clarify rules for income, transfers, mining, staking and broker reporting.
- On Wednesday, the House Ways and Means Committee voted 38-5 to advance The Digital Asset Tax Certainty Act, clarifying tax treatment for crypto transactions including small routine payments known as "de minimis" transactions.
- Less than 24 hours after the Senate rejected the Digital Asset Market Clarity Act on Tuesday, the committee moved forward with this alternative industry priority addressing tax treatment gaps.
- Setting a $10 threshold for small transactions, the bill would eliminate compliance burdens for routine crypto payments while extending traditional financial asset rules to digital assets, including mining and staking.
- Representative Steven Horsford, a Nevada Democrat, said "We are establishing basic tax rules for digital assets," but Representative Lloyd Doggett of Texas criticized the committee for rushing to provide "favors" to the industry.
- With roughly five weeks of work remaining between the November elections and January, the bill faces a compressed timeline, though Wednesday's momentum may help advance future efforts with similar aims.
16 Articles
16 Articles
House advances crypto tax bill that ties digital assets to traditional tax rules
The House Ways and Means Committee moved forward a bill on tax for digital assets on Wednesday (September 16), which was designed to minimize the tax liability for small transactions involving cryptocurrencies, while subjecting digital assets to numerous anti-abuse regulations already used for traditional financial instruments. With a vote of 38-5, the committee passed the...
House Tax Panel Clears Crypto Tax Bill 38-5 After Market Structure Bill Collapses
The House Ways and Means Committee pushed the Digital Asset Tax Certainty Act forward Wednesday with a 38-5 vote. Strong… Read the original on Bipartisan Support Fuels Passage of Digital Asset Tax Certainty Act in House Vote. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Key Points of the News: The House Media and Arbitrators Committee approved the proposal with a bipartisan vote of 38 in favour and 5 against on September 16, 2026. The legislative initiative provides for a tax exemption (de minimis) of up to $10 for network rates and daily transactions with digital assets. Progress occurs less than 24 hours after the United States Senate blocked the procedural vote on the CLARITY Act. The House of Representative…
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