The House Ways and Means Committee has approved the Digital Asset Tax Certainty Act, known as H.R. 10357. The bill aims to reform how digital assets are taxed in the United States, covering areas such as transaction fees, stablecoins, mining, staking, and lending activities.
Under the proposal, users would no longer need to calculate gains or losses on network or transaction fees of $10 or less, starting in 2028. The legislation also classifies mining and staking rewards as ordinary income and introduces new rules for qualifying dollar-pegged stablecoins.
The bill incorporates wash-sale rules for digital assets, which would delay loss deductions if investors acquire identical assets within a 30-day window. Additionally, it specifies that qualifying crypto loans will not be treated as sales for tax purposes.
The legislation must still pass both chambers of Congress in identical form and receive the president's signature to become law. This advancement follows the recent failure of the separate Clarity Act in the Senate, which focused on broader market oversight.
