The US House Ways and Means Committee moved the dial on digital asset taxation by circulating seven discussion draft bills ahead of a key hearing on the topic. The set of proposals touches on stablecoins, mining, staking, and everyday crypto transactions, signaling a bipartisan effort to clarify how the IRS should treat crypto activities and reduce the tax-reporting burden for users.

Chairing the committee, Rep. Jason Smith, and other lawmakers presented the drafts as a step toward more predictable tax rules for participants across the crypto ecosystem. The package aims to ease paperwork for crypto holders, provide clearer treatment for mining and staking activities, and potentially create a “de minimis” reporting exception for…