House Ways and Means Committee Introduces Six Digital Asset Bills

House Ways and Means Committee last week introduced six bills targeting the digital asset sector. The panel, which writes tax law, holds broad authority over how cryptocurrencies are treated by the IRS and what reporting obligations firms face.

The legislation aims to clarify rules and lower compliance costs, the committee said. One measure would create a safe harbor for certain digital asset transactions under the tax code. Another addresses broker reporting requirements that industry groups have called unworkable.

The push builds on the CLARITY Act, the crypto market infrastructure bill that passed the House last year. That legislation remains stalled in the Senate. Advocates hope for a floor vote before July 4, though no date has been set.

Together the six bills cover tax treatment, securities law alignment, and cross-border reporting. The committee did not release full text or scoring estimates. The package is expected to move to markup in the coming weeks.

The bills mark the first major digital asset legislation to emerge from Ways and Means this Congress. The committee is controlled by Republicans, who have made crypto regulatory reform a priority. Any final legislation would need 60 votes in the Senate, a high bar for partisan bills.