House Panel Advances First Federal Crypto Tax Framework After Senate Setback
What happened: The House Ways & Means Committee approved the Digital Asset Tax Certainty Act (H.
What happened: The House Ways & Means Committee approved the Digital Asset Tax Certainty Act (H.R. 10357) by a 38–5 vote, sending the bill to the full House. The legislation includes a $10 de minimis exemption for transaction fees, taxes mining and staking as ordinary income, expands wash-sale rules to digital assets, and requires the Treasury to establish a voluntary disclosure program within 12 months. The bill's effective date is set for 2028, and further House action is expected after the November elections.
Why it matters: The passage of this tax-focused bill, just one day after the Senate's broader CLARITY Act failed, signals a strategic pivot toward incremental regulatory wins. While the bill is narrower than CLARITY—addressing tax rather than market structure—it marks the first time a federal crypto tax framework has advanced this far. The bipartisan split and delayed effective date reflect ongoing divisions over how aggressively to regulate the sector.
Source: The Block