The Ways and Means Committee will mark up a crypto tax bill in September, covering mining, staking, and stablecoin payments, according to Punchbowl News.
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The U.S. House Ways and Means Committee plans to mark up a cryptocurrency tax bill in September, according to a report by Punchbowl News. The bill, which has been circulated in draft form, addresses taxation of mining, staking, and stablecoin payments. The committee intends to bring digital asset tax rules closer to existing tax policies, the report said.
The shift from discussion drafts to a formal markup is a step toward regulatory clarity for the crypto industry. If passed, the bill would set reporting requirements and tax treatment for common crypto activities, including income from staking rewards and payments made in stablecoins. The committee has not released a final text, but earlier drafts also covered capital gains treatment for digital asset trades.
Industry groups have pushed for clearer rules, arguing that the current patchwork of state and federal guidance creates compliance costs for businesses and individuals. The markup represents the first concrete legislative action on crypto taxation since the 2021 infrastructure bill expanded broker reporting requirements.
The markup is scheduled for September. No date has been set for a floor vote.
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