Seven draft bills. One hearing. And potentially the most consequential crypto tax overhaul since the IRS first decided Bitcoin was property back in 2014.
The House Ways and Means Committee is circulating seven discussion-draft bills targeting digital asset taxation, with a hearing set for June 9, 2026, at 2:00 PM ET. Committee Chairman Jason Smith announced the hearing on June 2, setting the stage for what could reshape how millions of crypto users, miners, stakers, and lenders interact with the US tax code.
What the bills actually cover
The seven drafts collectively address a laundry list of pain points that crypto users have been complaining about for years. Here’s the thing: most of these aren’t exotic edge cases. They’re everyday headaches that make using crypto for, say, buying coffee technically a reportable tax event.
First up is de minimis relief for small transactions. Right now, if you buy a sandwich with Bitcoin and that Bitcoin appreciated by $0.37 since you acquired it, you technically owe capital gains tax on that amount. In English: the current system treats every tiny crypto payment like a stock sale, which is absurd for something Congress wants people to actually use as currency.
