US House Tax Bill Proposes Exemption for Crypto Network Fees Under $10

US House Ways and Means Committee Chairman Jason Smith has introduced a 114-page cryptocurrency tax bill. The proposal seeks to exempt blockchain network or transaction fees under $10 from taxation, though it excludes users who conducted more than 5,000 transfers in the previous year. The bill also addresses digital asset profit and loss accounting, wash sale rules, mining, staking, and broker requirements. The committee is scheduled to review the bill on September 16, though reports suggest it is unlikely to be enacted into law in 2026.