U.S. House Panel Shares Crypto Tax Bill Ahead of Hearing
The action here is a release, not an enactment. Ways and Means put out the introduced text of H.
U.S. House panel shares crypto tax bill
The action here is a release, not an enactment. Ways and Means put out the introduced text of H.R. 10357, the Digital Asset Tax Certainty Act, dated September 14, 2026 and referred to the committee after being introduced by Mr. Smith of Missouri, according to the introduced bill. Sharing a bill is the opening step; it is not committee approval and not law. For related coverage, see XRP Leads Crypto Rally Ahead of Senate Vote and Fed Decision.
CoinDesk reported that the panel released the 114-page bill late Monday ahead of the markup, corroborating the official introduced text. That reporting frames this as a policy proposal moving through the normal committee pipeline rather than a settled change to how crypto is taxed.
What the headline confirms
The confirmed core is narrow: a U.S. House panel has shared a crypto tax bill, and a hearing follows this week. Everything beyond that, from the bill’s fate to its final wording, remains open, and the introduced text differs from the amendment in the nature of a substitute also listed for the committee’s consideration.
Hearing expected later this week
The relative “later this week” framing traces to the headline and the surrounding reporting, and it should be checked against the calendar before anyone treats it as fixed. The committee’s own notice schedules a full-committee markup that includes H.R. 10357 for September 16, 2026 at 10:00 a.m. ET in room HVC-210.
That notice verifies the scheduled event, not its result. The markup page also links a substitute amendment plus Joint Committee on Taxation descriptions and a revenue estimate, so the version debated may not match the introduced text quoted here. This sequencing echoes other regulatory fights this year, including the drawn-out market-structure battle that ended when the Clarity Act failed in the U.S. Senate.
Hearing details still to confirm
Treat the exact date, the panel’s final agenda, the witness list, and any testimony as unconfirmed until the committee opens proceedings. Nothing in the available record indicates that a floor vote, passage, or implementation is scheduled; a markup is a step toward those outcomes, not one of them.
Crypto tax details still to confirm
The introduced text does spell out specific mechanics, though whether they survive markup is a separate question. Section 101 would recognize no gain or loss on digital assets disposed of to pay qualifying de minimis network or transaction fees, provided each relevant aggregate fee amount does not exceed $10, with exactly $10 included. That is fee relief, not a blanket exemption for small purchases, a distinction some early coverage blurred.
PROPOSED • INTRODUCED SEPTEMBER 14, 2026
Proposed qualifying fee ceiling
$10 or less
A same-asset-type condition applies: for qualifying transaction fees, the asset used to pay the fee must match the type of an asset disposed of or acquired in the underlying transfer. The relief is also fenced in, excluding traders, brokers and dealers, specified transaction-validation businesses, and anyone making more than 5,000 digital-asset transfers in the prior taxable year, with fee-paying de minimis transfers left out of that count.
PROPOSED • INTRODUCED SEPTEMBER 14, 2026
Proposed prior-year transfer-count exclusion
More than 5,000
A Treasury-administered exception could restore eligibility where a taxpayer shows its taxpayer type would not cause substantial federal revenue loss. Beyond fees, Section 301 would extend wash-sale rules to traded digital assets other than qualified U.S. dollar stablecoins, while excluding validation-related acquisitions and regular or periodic acquisitions already counted as ordinary income from the acquisition test. Readers who want the granular breakdown can review our coverage of the bill’s fee exemption and staking treatment.
Scope and potential taxpayer implications
Who is actually affected, which transactions qualify, what reporting obligations attach, and when any of it would take effect are best treated as verification questions, not established provisions, especially with a substitute amendment and JCT revenue estimate still unread. Nothing in this proposal changes existing tax obligations today; current rules stand unless and until Congress acts.
The industry backdrop predates this draft. In June 9, 2026 testimony before the committee, Coin Center policy director Jason Somensatto pressed for a de minimis exemption for routine transactions, for treating block rewards as new property rather than income, and against applying wash-sale rules to crypto, per the group’s summary describing the tax treatment of block rewards as new property rather than income. Those are earlier positions, not endorsements of H.R. 10357.
The markup lands amid a busy regulatory stretch that has already reshaped sentiment, from the Senate’s failed market-structure vote that sent crypto stocks lower to the macro calendar of central bank rate decisions weighing on risk assets. How this tax bill fares Wednesday will signal whether the House can advance narrower, technical crypto fixes where broader frameworks have stalled.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.