Overview
- The House Ways and Means Committee approved the Digital Asset Tax Certainty Act by a 38‑5 vote on Wednesday, advancing the bill to the full House for consideration.
- The bill creates a $10 de minimis exemption that would let taxpayers ignore qualifying blockchain network and transaction fees under $10 so routine payments do not trigger capital‑gain rules.
- H.R. 10357 extends wash‑sale and constructive‑sale rules to most traded digital assets, treats mining and staking rewards largely as ordinary income, and removes an industry‑backed broad deferral for newly created rewards.
- The bill directs Treasury to set up a Digital Asset Voluntary Disclosure Program to let eligible taxpayers correct past crypto reporting errors and carries a Joint Committee on Taxation net revenue estimate of about $500 million for 2027–2036.
- The committee move came the day after the Senate failed to advance the CLARITY Act in a 49‑50 cloture vote, which means jurisdictional and market‑structure questions remain unresolved and regulators such as the SEC, CFTC, and Treasury are likely to continue rulemaking.