Congress Gets 7 New Crypto Tax Bills: Here's What's In Them
House Republican Ways and Means leadership has circulated seven crypto tax bills ahead of a Tuesday hearing on digital asset taxation, marking the first leadership-driven push on crypto tax legislation in Congress. The proposals would: exempt staking and mining rewards from taxable income when earned; create a $10 de minimis exemption for blockchain network fees, capped at 5,000 transactions a year; offer a two-year voluntary disclosure window for past crypto tax failures with no future criminal liability if taxes are paid or arranged; and change certain residency rules for digital asset sales involving foreign tax payments. The package reflects long-sought crypto industry priorities, but it does not include a broader everyday-purchase exemption for Bitcoin or stablecoin payments. Industry groups praised the drafts as the result of months of engagement and urged further refinement through the hearing process.
