Story perspectives

House Committee Approves Digital Asset Tax Certainty Act 38-5

By Drooid · Sep 16, 2026, 10:32 PM UTC · How we work

Summary

Story summary

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act by a 38-5 bipartisan vote.
The bill creates a $10 de minimis exemption for network fees and small digital-asset purchases.
It taxes mining and staking rewards as ordinary income without a deferral option.
Wash-sale rules now apply to digital assets, barring loss deductions on repurchases within 30 days.

Summary

Blockchain Association Pushes Bill

The markup removed the reward-timing deferral provision that would have let miners postpone tax until sale.
The Blockchain Association, Crypto Council for Innovation and Digital Chamber urged adopting Rep. Mike Carey’s bill.
They warned that taxing staking rewards on receipt could create liquidity problems for miners.
The Senate is debating the CLARITY Act, which would split SEC and CFTC crypto oversight.

History

Historical Context

In March 2014 the Internal Revenue Service issued Notice 2014-21, declaring virtual currencies property and subjecting every transaction to gain-or-loss reporting. The IRS and Treasury later estimated a $1.5 billion crypto tax gap by 2020, spurring congressional action. The proposed Digital Asset Tax Certainty Act would tax mining and staking as ordinary income, add a $10 exemption, and reflects the same classification warned about by the Blockchain Association.

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Story summary

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act by a 38-5 bipartisan vote.
The bill creates a $10 de minimis exemption for network fees and small digital-asset purchases.
It taxes mining and staking rewards as ordinary income without a deferral option.
Wash-sale rules now apply to digital assets, barring loss deductions on repurchases within 30 days.

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