A quick review of the Ways and Means tax bills: State of Crypto

PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailA quick review of the Ways and Means tax bills: State of Crypto The House Ways and Means Committee is gearing up for its big tax push. By Nikhilesh De Jun 7, 2026, 8:27 p.m. 3 min readMake preferred on The House Ways and Means Committee circulated seven draft bills ahead of this week's hearing on crypto tax policy, signaling what the industry can expect.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Tax seasonThe narrativeThe House Ways and Means Committee is the group of lawmakers tasked with writing laws governing taxes. While we've seen draft bills addressing taxes already, it's this committee that's really going to handle a hefty part of the work of drafting crypto tax legislation and shepherding it through the legislative process.Why it mattersThe fact that the committee is at the point of discussing draft legislation in a hearing shows progress on this front, and it's likely the provisions will eventually become law in the coming years, whether as part of a tax-specific legislative package or as part of some other, broader bill.Breaking it downStaking and mining, de minimis and stablecoin transactions are all covered in the draft bills circulated late Thursday by the House Ways and Means Committee, among various other issues.It's unclear how much progress will be made in terms of actually turning these bills into law in the 2026 calendar year. The House — and Senate, for that matter — has a number of other priorities that are more advanced and require floor time, as CoinDesk has covered before. Still, the existence of the draft bills and a hearing are important steps.Alison Mangiero, the head of industry affairs and U.S. policy at the Crypto Council for Innovation, an industry trade group, said in a statement that the group of bills was an "important first step.""The Ways &…

A quick review of the Ways and Means tax bills: State of Crypto

Coins in this story

Related stories

Michael Saylor revives bitcoin-buy speculation as scrutiny over Strategy grows

Bitcoin near $60,000 today vs February: Institutional sentiment has flipped

Bitcoin's slide has no single cause. AI, tech IPOs, quantum, Strategy sale all play a role, NYDIG says