US House Committee to Consider Digital Asset Tax Certainty Act

The House Ways and Means Committee is set to review the Digital Asset Tax Certainty Act (H.R. 10357) on September 16. The proposed legislation aims to simplify tax reporting for stablecoin payments and small transaction fees while potentially raising $500 million in federal revenue from 2027 to 2036. The bill includes provisions for staking, lending, and trading losses, seeking to balance reduced tax friction for routine crypto activities with stricter rules for professional traders.