Crypto tax proposals weighed ahead of Tuesday House hearing

Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writerWritten by Turner Wrightstaff writerReviewed by Sam Bourgistaff writerCrypto tax proposals weighed ahead of Tuesday House hearingLatest NewsPublishedJun 5, 2026Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions.Among proposals in the draft legislation are reducing the tax paperwork required for crypto holders, providing clarity for mining and staking tokens and a potential “de minimis” reporting exception for transactions. The seven discussion draft bills preceded a Tuesday hearing on digital asset taxation in the House committee, chaired by Republican Jason Smith.Crypto industry advocates have been urging US lawmakers to address lessening the reporting burden for taxes on mining and staking as well as eliminating requirements for small crypto transactions through “de minimis” exceptions. A draft law released by members of Congress in March and officially introduced in May as the Digital Asset PARITY Act proposed a $200 reporting threshold for stablecoin transactions, but not one on cryptocurrencies like Bitcoin.“We need digital asset tax clarity or activity will never fully onshore,” said The Digital Chamber CEO Cody Carbone in response to the PARITY Act.Source: Max MillerAny bill or amendment to legislation addressing crypto tax policy will need bipartisan support in Congress before being signed into law. Although the House hearing is scheduled for Tuesday, US lawmakers in the Senate are expected to focus on a budget reconciliation bill before consideration of a digital asset market structure bill called the CLARITY Act.Related: Israel’s tax authority ‘disappointed’ in voluntary crypt…

Crypto tax proposals weighed ahead of Tuesday House hearing

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