White House crypto adviser Patrick Witt has backed six House tax bills aimed at digital assets, putting new attention on how the U.S. may handle staking rewards, mining income, crypto payments, and reporting rules. In a post on X, Witt wrote, “Clarity for market structure, Parity for tax. Great work, Ways and Means Committee.” His endorsement came ahead of a June 9 hearing by the House Ways and Means Committee.
Lawmakers did not merge the proposals into a single package. They chose to move them as separate bills, a structure that could let some measures advance on their own even if others draw resistance. The bills under review are the Less Tax Paperwork for Digital Asset Owners Act, the Charitable Deductions for Digital Asset Donations Act, the Tax Clarity for Mining and Staking Act, the Providing Analogous Rules for Digital Assets Act, the Digital Assets Voluntary Disclosure Program Act, and the Applying Existing Tax Anti-Abuse Rules to the Digital Assets Act.
Tax timing for staking and mining remains unsettled
Committee materials show the proposals are designed to address areas that have stayed unresolved under current tax guidance. One of the most watched measures is the Tax Clarity for Mining and Staking Act, which would define when rewards from staking and mining become taxable. That question has been debated across the crypto sector for years. In some cases, token holders can face a tax bill first and then watch the asset price drop sharply in a market decline.
Another closely watched proposal is the Less Tax Paperwork for Digital Asset Owners Act. Under current Internal Revenue Service rules, even small crypto transactions can trigger taxable capital gains events, creating recordkeeping and reporting obligations. If approved, the bill would create a de minimis exemption for certain low-value transactions, cutting paperwork tied to routine crypto payments.
Donations, anti-abuse rules, and voluntary disclosure are also included
The remaining measures would clarify the tax treatment of digital asset donations, extend existing anti-abuse rules to cryptocurrencies, and create a voluntary disclosure program for taxpayers seeking to correct prior crypto-related filings. According to committee information, scheduled witnesses for the June 9 hearing include representatives from Coinbase, Fidelity Investments, Coin Center, the Crypto Council, and The Digital Chamber.
Tax debate moves alongside the CLARITY Act
Witt’s support for the tax package follows his recent defense of the CLARITY Act, another major digital asset bill moving through Congress. At a Blockchain Association town hall cited by crypto.news, he said the measure would strengthen regulatory oversight while remaining compatible with law enforcement objectives. Critics have argued that parts of the bill could complicate efforts against illicit finance, while supporters say it would place more crypto activity under federal supervision.
Senator Cynthia Lummis has also pressed lawmakers to act quickly on digital asset legislation. She said that if the current effort fails, Congress may not get another meaningful chance to pass broad crypto rules until 2030. Lummis also indicated that a Senate vote on the CLARITY Act now looks more likely before the August recess than before July 4. The bill previously passed the Senate Banking Committee by a 15-9 vote and is now on the Senate Legislative Calendar while negotiations over revisions continue.