TREE NEWS update: The U.S. House Ways and Means Committee passed the Digital Asset Tax Certainty Act by a 38-5 vote, sending it to the full House. The bill would clarify digital asset tax rules, including a $10 de minimis threshold for everyday crypto payments, plus rules on income recognition, asset transfers, wash sales, mining, staking and broker reporting. The vote came less than 24 hours after the CLARITY Act failed a key Senate procedural vote.
House Ways and Means Committee Passes Digital Asset Tax Certainty Act 38-5
The bipartisan margin matters more than the substance: a 38-5 committee vote signals digital-asset tax treatment is becoming a consensus issue rather than a partisan one, which is unusual for crypto legislation. The timing, coming within a day of the CLARITY Act's Senate procedural failure, suggests House Republicans are trying to keep a legislative vehicle moving while the broader market-structure effort stalls, potentially leaving tax clarity as the more viable near-term path. The open question is whether the full House takes it up before attention returns to the Senate's stalled process, and whether the de minimis threshold survives intact.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.