House panel to mark up crypto tax bill with de minimis fee exemption and new rules for stablecoins

News Editor

2026-09-15 16:34:35

The House Ways and Means Committee is set to take up a wide-ranging crypto tax bill on Sept. 16 at 10 a.m. Eastern, opening the next step for legislation that would carve out a limited capital-gains exception for small blockchain fees and set fresh federal tax rules for stablecoins, staking, mining and digital asset trading. Introduced by Committee Chairman Jason Smith, the 114-page Digital Asset Tax Certainty Act, H.R. 10357, would create a de minimis exemption for qualifying network or transaction fees of $10 or less. Because the Internal Revenue Service treats digital assets as property, paying blockchain fees with crypto can trigger a taxable event. Under the proposal, taxpayers could ignore gains or losses tied to eligible fees. The bill also addresses several other tax questions. It would use the redemption value of certain dollar-pegged stablecoins as tax basis when they are bought near that value, treat mining and staking rewards as ordinary income, allow some investment trusts to stake assets without losing their tax status, extend wash-sale rules to digital assets, and exclude qualifying crypto loans from sale treatment. It also includes a Treasury program for eligible taxpayers to amend prior returns and pay unpaid taxes, interest and penalties. The measure still must clear the committee, then pass the House, Senate and President before it can become law.

The House Ways and Means Committee will consider crypto tax legislation on Wednesday that would exempt some digital-asset transaction fees from capital-gains calculations and apply new federal tax rules to stablecoins, staking, mining and digital asset trading.

House panel to mark up crypto tax bill with de minimis fee exemption and new rules for stablecoins 2

Committee Chairman Jason Smith, a Missouri Republican, introduced the 114-page Digital Asset Tax Certainty Act, H.R. 10357. The committee has scheduled its markup for 10 a.m. Eastern on Sept. 16.

Markup set for Sept. 16

During a markup, committee members debate a bill, offer amendments and decide whether to send it to the full House.

The proposal would create a de minimis exemption for qualifying network or transaction fees worth $10 or less. In tax law, de minimis refers to an amount considered too small for standard tax treatment.

That matters because paying a blockchain fee with crypto can create a taxable event under current Internal Revenue Service treatment, which classifies digital assets as property. If the bill is approved, taxpayers would be able to disregard gains or losses linked to eligible fees.

Stablecoins, staking and mining are also covered

Lawmakers reviewed small-transaction exemptions and six other crypto tax proposals during a June hearing on digital asset taxation.

H.R. 10357 would use the redemption value of qualifying dollar-pegged stablecoins as their tax basis when those tokens are purchased near that value. It would also tax mining and staking rewards as ordinary income and let certain investment trusts stake assets without putting their tax status at risk.

An earlier proposal supported by crypto industry groups would have deferred income recognition for some newly created mining and staking rewards. That language is not included in H.R. 10357.

Bill also expands wash-sale treatment

The legislation would extend wash-sale rules to digital assets, exempt qualifying crypto loans from being treated as sales, and establish a Treasury program that would let eligible taxpayers amend prior returns and pay outstanding taxes, interest and penalties.

The measure still needs to clear the committee and then win approval from the House, Senate and President before it can take effect.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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