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, establishing the first federal tax framework for crypto transactions and 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 crypto industry priority addressing persistent tax treatment gaps.
- The bill sets a $10 threshold for small transactions, eliminating compliance burdens for routine crypto payments. Committee Chairman Jason Smith noted that without it, buying a cup of coffee 'triggers an absurd maze of compliance.'
- Representative Steven Horsford, a Nevada Democrat, said 'We are establishing basic tax rules for digital assets,' while Representative Lloyd Doggett, a Texas Democrat, criticized the committee for rushing to provide 'favors' to crypto over ordinary Americans suffering from failed Trump policies.
- The bill arrives late in the congressional session with roughly five weeks of work remaining between the November elections and the January start of the next session, though Wednesday's momentum may help advance future efforts.
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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…
House Panel Approves First Federal Cryptocurrency Tax Framework
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News The U.S. House Ways and Means Committee approved the Digital Asset Tax Certainty Act on September 16, 2026, advancing the first federal crypto tax framework... The post House Panel Approves First Federal Cryptocurrency Tax Framework first appeared on NoSmokeSport - Sports News & Latest Trending World News and is wri…
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