US House tax committee advances crypto tax overhaul in 38–5 vote
A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions.
The US House Ways and Means Committee has advanced legislation to reshape federal tax rules for stablecoins, staking, crypto lending, and digital asset transactions. The Digital Asset Tax Certainty Act passed with bipartisan support in a 38-5 vote, covering a range of crypto-related activities. The bill includes provisions for special tax treatment of qualifying dollar-pegged stablecoins, extending wash-sale rules to widely traded digital assets, and creating a de minimis exemption for certain crypto transaction fees.
The bill now moves to the full House of Representatives for consideration, following the Senate's failure to advance a broader market structure bill, the CLARITY Act.
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