The US House Ways and Means Committee is bringing seven draft bills focused on digital asset taxation to a full committee hearing on June 9, 2026, at 2:00 PM ET. Chairman Jason Smith (R-MO) is making a deliberate play for bipartisan backing.
The draft legislation targets six core areas: de minimis relief for small transactions, the timing of taxation on mining and staking rewards, stablecoin classification, wash sale rules, treatment of network fees, and rules around charitable donations of digital assets.
The de minimis provision would set a threshold below which small transactions don’t trigger a taxable event, meaning you could use crypto to buy things without incurring capital gains tax on minor price differences between acquisition and spending.
The mining and staking timing question addresses whether validators are taxed at the moment of receipt or at the moment of sale. Taxing at receipt means miners and stakers owe income tax on tokens they haven’t sold, at prices they can’t control, creating potential cash flow problems during bear markets.
Wash sale rules prevent traders from selling an asset at a loss, immediately rebuying it, and claiming the tax deduction. Equities have been subject to wash sale rules for decades. These bills would bring digital assets into alignment with existing securities tax regulations on that front.
