A panel in the U.S. House of Representatives is scheduled to vote on an important cryptocurrency tax proposal on Wednesday, which could initiate the official legislative path for digital asset taxation.
Late Monday, the House Ways and Means Committee published a 114-page crypto tax bill prior to a Wednesday markup hearing, where members of Congress will debate specific clauses and vote on whether to advance the legislation. Named the “Digital Asset Tax Certainty Act,” the bill covers several areas including de minimis transactions, profit and loss accounting, transfers, wash sale regulations, mining, staking, and broker obligations.
This piece of legislation builds upon previous efforts by Representatives Steven Horsford and Max Miller, who put forward various iterations of crypto tax proposals during the past year.
The legislation would drop taxes on de minimis network or transaction fees under $10, though individuals who completed over 5,000 transfers in the preceding year would be excluded. Removing taxes from small-scale transactions has been a primary request from the cryptocurrency sector over recent years, with advocates maintaining that waiving these levies would facilitate the use of digital assets for everyday purchases like a cup of coffee. Presently, individuals transacting with cryptocurrencies are obligated to declare capital gains or losses on those exchanges, even when the dollar values are minimal.
Multiple sections of the bill focus on tokenized assets, while another part attempts to clarify how ownership should be interpreted when disposing of digital assets.
Furthermore, the legislation instructs the U.S. Treasury secretary and the Internal Revenue Service to formulate and release updated regulations as necessary.
The House Ways and Means markup, set for 10:00 a.m. ET on Wednesday, September 16, could represent the first major progress for cryptocurrency tax laws within the U.S. Congress, although the measure is unlikely to be enacted into law this year. The House of Representatives is scheduled to adjourn later this week until after the November elections, leaving a very narrow window to debate and vote on a tax proposal. Nevertheless, any legislative momentum achieved in 2026 could lay the groundwork for continued efforts in 2027 when a newly sworn-in Congress takes office.
Upon returning to Washington, D.C. later in the autumn, the House might also turn its attention to the Digital Asset Market Clarity Act, provided the Senate successfully passes that legislation—an outcome that remains uncertain as of press time. The Senate is set to hold its initial vote on Tuesday and requires backing from 60 lawmakers to sustain the debate and legislative procedure. Democrats have voiced concerns regarding a revised ethics clause contained within the bill text published on Sunday.
Originally published at https://www.coindesk.com/policy/2026/09/14/u-s-house-panel-shares-crypto-tax-bill-ahead-of-hearing-later-this-week.
