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Crypto Tax Bill Clears House Committee After Clarity Act Setback

Crypto Tax Bill Clears House Committee After Clarity Act Setback

In brief

  • The House Ways and Means Committee approved the Digital Asset Tax Certainty Act.
  • The proposal covers transaction fees, stablecoins, mining, staking and lending.
  • The bill must still pass both chambers of Congress before reaching the president.

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act Wednesday, sending a proposal to overhaul crypto taxation to the full House.

The committee announced the markup on Monday, scheduling the session for lawmakers to review H.R. 10357, consider amendments and vote on whether to send it to the full House.

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“This wasn’t built overnight,” committee Chairman Rep. Jason Smith (R-Mo.) said…

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