Representative Steven Horsford, a Democrat from Nevada, center, and Representative Max Miller, a Republican from Ohio, during the DC Blockchain Summit in Washington, DC, US, on Wednesday, March 18, 2026. Photographer: Al Drago/Bloomberg

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“It needs to be bipartisan or I have no desire to move it,” is what Congressman Jason Smith (MO-08), who Chairs the U.S. House Ways and Means Committee, told reporters last month when asked about the fate of a potential tax bill for digital assets.

Bipartisan crypto tax legislation was introduced three weeks later by U.S. Representatives Steven Horsford (NV-04), Max Miller (OH-07), Suzan DelBene (WA-01), and Mike Carey (OH-15). The Digital Asset Protection, Accountability,…