US House Committee advances Digital Asset Tax Certainty Act

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act (H.R. 10357) on Sept. 16 with a 38-5 vote. While industry groups view the bill as a historic step for crypto taxation, they are pushing for further refinements regarding the timing of income recognition for staking and mining rewards, as well as expanded tax relief for everyday digital-asset transactions. The bill currently includes provisions to eliminate gain-or-loss recognition for certain small transaction fees starting after Dec. 31, 2027.