{
  "id": 7864511,
  "title": "House Committee Advances First-Ever Crypto Tax Bill",
  "url": "https://urgent.news/2026/09/16/house-committee-advances-first-ever-crypto-tax-bill",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T20:01:53.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/cryptocurrency/2026/house-committee-advances-first-ever-crypto-tax-bill/"
  },
  "original_language": "en",
  "account": "The House Ways and Means Committee has moved forward with the Digital Asset Tax Certainty Act (H.R. 10357), reported the Wall Street Journal on Sept. 16. Committee Chairman Rep. Jason Smith emphasized that the bill aims to provide clarity, parity, and workability in the taxation of digital assets. The legislation would create tax exemptions for fees paid alongside the disposition of digital assets, establish rules to facilitate consumer transactions using cryptocurrency and stablecoins, treat mining and staking rewards as ordinary income, and limit taxpayers' ability to offset losses on digital asset sales by quickly reinvesting in similar assets. The bill passed the committee with a 38 to 5 vote, five Democrats opposing it. While the way forward for the bill remains uncertain, it could be reconsidered after the upcoming election. However, another proposed crypto tax bill, the Clarity Act, fell short in the Senate on Sept. 15, potentially putting the House crypto tax bill at risk if Democrats regain control of the House in the elections. The House Committee's action marks the first time a digital asset framework has passed out of Committee, according to the Crypto Council for Innovation's Head of U.S. Policy, Alison Mangiero.",
  "summary": "The House Ways and Means Committee voted to advance the Digital Asset Tax Certainty Act (H.R. 10357) Wednesday (Sept. 16), Rep. Rudy Yakym (R-Ind.) said in a post on X. “It gives crypto owners clear guidelines and treats digital assets like other financial assets,” Yakym said. Rep. Jason Smith (R-Mo.), chairman of the Ways and […] The post House Committee Advances First-Ever Crypto Tax Bill…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Cointelegraph",
        "title": "US House tax committee advances crypto tax overhaul in 38–5 vote",
        "url": "https://urgent.news/2026/09/16/us-house-tax-committee-advances-crypto-tax-overhaul-in-38-5-vote",
        "published": "2026-09-16T18:01:55.000Z"
      },
      {
        "outlet": "Decrypt",
        "title": "Crypto Tax Bill Clears House Committee After Clarity Act Setback",
        "url": "https://urgent.news/2026/09/16/crypto-tax-bill-clears-house-committee-after-clarity-act-setback",
        "published": "2026-09-16T21:46:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}