New bill would set clearer federal tax rules for cryptocurrency

In markupH.R. 10357Latest action Sep 16, 2026

Sponsor: Jason Smith · Representative · MO

AIDecoded by AI · checked against the record

Read the official text

Official title: Digital Asset Tax Certainty Act

119th Congress

Topics: Jobs & the economy

Introduced: September 14, 2026

Read the official bill on Congress.gov

In plain words

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The bill clarifies crypto tax rules, exempting small fees under $10 and treating stablecoins like cash.

40-second read · 4 questions answered below

What does this do?

The bill updates the tax code to clarify how cryptocurrency, stablecoins, and other digital assets are taxed. It exempts small transaction fees under $10 from taxation, creates a simplified accounting option for frequent traders, treats certain dollar-backed stablecoins as cash equivalents, and extends existing stock-market tax rules (like wash sale and constructive sale rules) to digital assets.

Who does it affect?

The bill affects people who own, trade, mine, or stake cryptocurrency, as well as brokers, exchanges, and investment funds dealing in digital assets.

Why does it matter?

The changes would alter tax reporting and compliance obligations for everyday crypto users and for businesses involved in digital asset trading, lending, and staking. Most provisions take effect in 2026, 2027, or 2028, with the Treasury Department writing implementing regulations.

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Read the official bill on Congress.gov

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IntroducedSep 14, 2026
House committeeYou are here · Sep 16, 2026
House vote
Senate
The president's desk

Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.

Latest action: September 16, 2026 — Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.

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How it's being covered

Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.

Newest of these articles: Sep 17, 2026

crowdfundinsider.com
Not rated
Crypto Council for Innovation Comments on Crypto Tax Legislation
Sep 17, 2026
“The Digital Asset Tax Certainty Act (H.R. 10357) passed the House Ways and Means Committee this week, "clarifying the tax treatment of mining and staking, and” — crowdfundinsider.com
memeburn.com
Not rated
Crypto Tax Bill 2026: What H.R. 10357 Means for You
Sep 17, 2026
“The 114-page Digital Asset Tax Certainty Act hits markup on Sept. 16, covering wash sales, mining, staking, and a $10 fee exemption. Here's what changes.” — memeburn.com
usethebitcoin.com
Not rated
US Crypto Tax Bill Targets $10 Fee Exemption as House Panel Prepares Vote
Sep 16, 2026
“A 114-page US crypto tax bill heads to House markup with a $10 fee exemption, new wash-sale rules, and changes for staking, lending, and reporting.” — usethebitcoin.com
decrypt.co
Not rated
Crypto Tax Bill Clears House Committee After Clarity Act Setback
Sep 16, 2026
“The bill would exempt qualifying crypto fees from gain-or-loss calculations and restrict tax-loss deductions on tokens sold and quickly repurchased.” — decrypt.co
financefeeds.com
Not rated
Crypto Tax Bill Clears House Panel: $10 Fee Exemption
Sep 16, 2026
“House Ways and Means advanced H.R. 10357: crypto fees of $10 or less exempt from tax, staking taxed as ordinary income, wash-sale rules extended.” — financefeeds.com

Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.