House Panel Prepares Vote on US Crypto Tax Bill with $10 Fee Exemption

A US crypto tax bill is heading to the House Ways and Means Committee on September 16, where lawmakers will consider changes covering transaction fees, stablecoins, staking, mining, lending, and crypto tax reporting.

The proposed Digital Asset Tax Certainty Act would amend several parts of the Internal Revenue Code and introduce a $10 de minimis exemption for qualifying crypto network and transaction fees. This means that taxpayers would not recognize a gain or loss when using digital assets to pay qualifying network or transaction fees of $10 or less.

The proposal also includes simplified accounting rules for widely traded digital assets, expands wash-sale rules to crypto, and creates a voluntary disclosure program for taxpayers seeking to correct previous digital asset tax filings. Qualifying US dollar stablecoins would receive their own tax rules under the bill.