{"id":13385,"date":"2026-09-17T17:30:39","date_gmt":"2026-09-17T17:30:39","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13385"},"modified":"2026-09-17T17:30:39","modified_gmt":"2026-09-17T17:30:39","slug":"crypto-tax-reform-just-won-a-38-5-vote","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13385","title":{"rendered":"Crypto tax reform just won a 38-5 vote"},"content":{"rendered":"

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Crypto groups are pressing Congress to broaden tax relief after a House panel advanced the first digital-asset tax framework.<\/p>\n

The House Ways and Means Committee approved H.R. 10357, the Digital Asset Tax Certainty Act, by 38-5 on Sept. 16, sending a package covering crypto payments, stablecoins, trading, lending, staking and mining toward the full House. The committee ordered the amended bill favorably reported after adopting Chairman Jason Smith\u2019s substitute.<\/p>\n

Industry groups welcomed the vote while signaling that the legislation remains short of several priorities they want addressed before final passage. Those include broader relief for everyday crypto transactions and changes to when staking and mining rewards become taxable.<\/p>\n

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Alison Mangiero, chief strategy officer and head of US policy at the Crypto Council for Innovation, called the committee vote a historic step but said lawmakers still have room to refine the timing of income recognition for staking and mining rewards and expand de minimis treatment for ordinary digital-asset transactions. CCI had raised similar issues with lawmakers before the markup.<\/p>\n

That leaves the industry trying to build on a bill that grants several long-sought tax concessions while stopping short of removing some of the frictions crypto advocates say make digital assets difficult to use for payments and network participation.<\/p>\n

Industry wants payment relief to go further<\/h2>\n

The bill would eliminate gain-or-loss recognition when digital assets are used to pay qualifying network and transaction fees of no more than $10, beginning with dispositions after Dec. 31, 2027. For transaction fees, the asset used to pay the charge generally must be the same type as the asset involved in the underlying transfer.<\/p>\n

That addresses a narrow consequence of the Internal Revenue Service treating digital assets as property: spending crypto to cover a blockchain fee can itself create a taxable disposition.<\/p>\n

CCI wants Congress to go further by providing broader de minimis relief for everyday digital-asset transactions. The distinction is significant because H.R. 10357\u2019s $10 provision covers qualifying fees rather than creating a blanket exemption for small purchases made with crypto.<\/p>\n