House lawmakers will hold a hearing next week on how digital assets are taxed in the US, as Congress continues efforts to create clearer rules for the digital asset industry.
US Lawmakers Eye Crypto Tax Changes as Broader Regulatory Push Continues
5 June 2026 - 21:07 CEST
By Jona Jaupi
The House Ways and Means Committee, the body responsible for writing US tax legislation in the House of Representatives, is scheduled to hold a hearing on digital asset taxation on 9 Jun. The meeting comes amid unconfirmed reports that the committee staff have circulated discussion drafts covering several aspects of crypto taxation ahead of the meeting.
The proposals reportedly cover a range of crypto tax issues, including stablecoins, mining and staking rewards, crypto lending, charitable donations and tax reporting requirements. Sandmark has reached out to the Committee to confirm the reports, but has not yet heard back at the time of publication.
The discussion comes as lawmakers are also considering standalone legislation aimed at updating the tax treatment of digital assets. The Digital Asset PARITY Act, introduced by Reps. Max Miller (R-Ohio) and Steven Horsford (D-NV) in May, aims to update US tax rules for digital assets. Sen. Cynthia Lummis (R-Wyo) proposed similar legislation in the upper house in 2025 that would have simplified crypto taxes and created clearer rules for activities such as staking, lending and small crypto transactions.
Growing support
The upcoming hearing comes as crypto industry groups increasingly push Congress to update tax rules they say were written before digital assets became widely used.
During the Bitcoin 2026 conference in April, industry participants mentioned that one of the biggest tax priorities for the crypto industry is a so-called de minimis exemption, which would exempt certain small crypto transactions from capital gains taxes. The experts argued that current rules make it difficult to use digital assets for everyday purchases.
"For us, our priority at Block has been the de minimis tax exemption for Bitcoin payments and making sure that anytime somebody uses Bitcoin as a form of money that it's treated as such under the tax code," said Janessa Lopez, head of Digital Assets Policy at financial services company Block Inc, while speaking at the conference.
The speakers also explained that the current tax policy is not just one of the biggest legislative hurdles, but an operational one as well. Coinbase's head of US policy, Kara Calvert, for instance, pointed out that current crypto tax rules create an "astronomical" amount of paperwork for companies.
Broader crypto push
The tax proposals come as lawmakers continue efforts to create a clearer legal framework for digital assets in the US.
In July 2025, President Donald Trump signed the GENIUS Act into law, creating the first federal framework for payment stablecoins.
The tax proposals also come as lawmakers are working to advance the CLARITY Act, a separate bill that would establish whether digital assets are regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
The act has cleared the Senate Banking Committee – following months of industry gridlock over stablecoin yield rewards – and is now on the Senate Legislative Calendar. A full floor vote is expected before the congressional recess in early August.
Together, the bills represent some of the most significant crypto-related legislation currently moving through Congress.
