House panel eyes September markup for crypto tax bills

Smith framed the effort around US competitiveness, arguing the country needs clear "rules of the road" for digital assets. Reps. Max Miller (R-OH) and Steven Horsford (D-NV) contributed foundational work earlier in 2026 that fed into the current package.

Industry groups support advancing the mining and staking provisions without changes, according to testimony from the June 9 hearing. The committee has not set a specific date for the markup, but Smith's office indicated September is the target.

The broader package emphasizes treating digital assets the same as equivalent traditional instruments. "Digital assets shouldn't be taxed more harshly than traditional finance instruments just because they run on a blockchain," the committee's framing document stated.

For retail users, the small-transaction exemption would remove a major friction point. Every crypto purchase currently generates a tax reporting obligation, which has discouraged adoption. For miners and stakers, the deferral brings crypto closer to how other income-generating assets are treated.

The committee plans to mark up the bills in September. No date has been set for a floor vote.