The U.S. House Ways and Means Committee is circulating seven draft bills on crypto tax policy ahead of a hearing scheduled for June 9.
The proposals target several industry concerns, including taxes on small transactions, stablecoin activity, network fees, mining and staking rewards, and wash sale rules. One bill would allow taxpayers to choose when to pay taxes on assets from mining or staking. The committee is set to discuss the drafts at the hearing next week. Lawmakers aim to provide clearer tax treatment for digital assets. Alison Mangiero of the Crypto Council for Innovation welcomed the approach. She noted that it reflects priorities such as treating compliant stablecoins as payment tools and easing network fee taxes. Cody Carbone of the Digital Chamber said the hearing offers a chance to refine the proposals and advance bipartisan tax efforts.
