Crypto's Long-Sought 'De Minimis' Tax Break Gets a House Markup This Week
The House Ways and Means Committee will review H.R. 10357, the Digital Asset Tax Certainty Act, which would update federal tax rules for crypto. Key provisions include a de minimis exemption for qualifying blockchain fees of $10 or less, so small transaction fees paid in crypto would not trigger capital-gains calculations. The bill would also set special tax treatment for stablecoins by using their redemption value as tax basis when bought near that value, tax mining and staking rewards as ordinary income, and let some investment trusts stake assets without losing tax status. It would extend wash-sale rules to digital assets, exempt certain crypto loans from being treated as sales, and create a Treasury process for taxpayers to amend past returns and pay owed taxes, interest, and penalties. The bill omits an earlier industry-backed deferral for newly created mining and staking rewards.
