Overview
- The House Ways and Means Committee approved H.R. 10357 by 38–5 on Wednesday, advancing the Digital Asset Tax Certainty Act to the full House for possible floor consideration.
- The bill creates a $10 de minimis exemption for qualifying blockchain network and transaction fees while excluding users with more than 5,000 transfers and sets the fee relief to apply for disposals after Dec. 31, 2027.
- It extends wash-sale and constructive-sale rules to many digital assets but exempts qualifying U.S. dollar stablecoins and adds clear rules to treat qualifying crypto loans as non‑taxable sales.
- The released text treats mining and staking rewards as ordinary income at receipt rather than allowing broad deferral, a change that resolved a key industry demand and was a major point of earlier negotiation.
- The Joint Committee on Taxation scores the package as roughly $500 million in net revenue through 2036, the bill directs Treasury to set up a Digital Asset Voluntary Disclosure Program, and final law still depends on full House passage, Senate approval and the president’s signature.