The House Ways and Means Committee is circulating seven draft bills targeting digital asset taxation. The hearing is set for June 9, 2026, at 2:00 PM ET. Committee Chairman Jason Smith announced the session on June 2.
The proposals address a long list of crypto tax headaches. The de minimis relief for small transactions would eliminate capital gains reporting for everyday crypto payments. Stablecoin tax implications are clarified, removing friction for dollar-pegged assets.
Mining and staking reward taxation sees deferral options, letting taxpayers delay recognition until they dispose of the asset. Wash sale rules are on the table, potentially closing a loophole that allows tax-loss harvesting without restrictions.
The remaining drafts cover securities tax treatment integration and waiving appraisal requirements for charitable contributions of digital assets over $5,000.
Industry groups like the Crypto Council for Innovation and the Digital Chamber have engaged with the committee. The Digital Asset PARITY Act, introduced on May 19, 2026, showed bipartisan support on crypto tax reform.
Chairman Smith's choice to advance seven separate bills rather than one omnibus package is deliberate. Breaking issues apart allows lawmakers to support individual provisions without voting against the entire package.
The full text of the drafts remains internal for now. The June 9 hearing will likely refine these proposals before any formal markup.