US House Committee Passes Digital Asset Tax Certainty Act with Bipartisan Support

The US House Ways and Means Committee approved the Digital Asset Tax Certainty Act in a 38-5 vote. The bill aims to establish a $10 de minimis tax exemption for small transactions and clarifies tax treatment for staking, mining, and stablecoins. While the bill moves to the full House, legislative passage before the end of the year remains unlikely due to the limited congressional calendar ahead of the November elections.