House Committee to Vote on Comprehensive Crypto Tax Bill

The U.S. House Ways and Means Committee has scheduled a markup vote on the Digital Asset Tax Certainty Act, a comprehensive crypto tax framework, for September 16.

This marks the first major step towards providing clarity on taxes for the crypto industry.

The bill, which includes provisions such as applying Wash-Sale and Constructive-Sale rules to crypto assets, is expected to gain bipartisan support during markup.

Republicans have dropped the Tax Clarity for Mining and Staking Act from the tax package, addressing concerns over mining and staking income taxation.