US House Panel Readies Crypto Tax Bills for Friday Release Ahead of Next Week Hearing
Updated
Updated · Bloomberg · Jun 4
US House Panel Readies Crypto Tax Bills for Friday Release Ahead of Next Week Hearing
3 articles · Updated · Bloomberg · Jun 4
Summary
Friday could bring the first House tax bills focused on cryptocurrency, with the Ways and Means Committee preparing legislation before a hearing early next week.
Jason Smith, the committee's chairman, has made a digital-asset tax framework a top priority as lawmakers move to define how cryptocurrencies should be taxed.
The House tax push comes while the Senate is still working through separate market-structure legislation, leaving tax policy and broader crypto rules on parallel tracks.
If crypto remains taxed as property, can the proposed legislation truly fix the core complexities for American investors?
Will new US crypto tax laws finally end the need to report small personal purchases, like buying a coffee?
2026 U.S. Crypto Tax Overhaul: Legislative Milestones, IRS Reporting, and Industry Implications
Overview
In June 2026, the House Ways and Means Committee will hold a pivotal hearing to discuss major tax reform proposals for digital assets. This event is seen as a crucial move toward providing clarity for the fast-growing digital asset industry, with support from industry groups like the Crypto Council for Innovation. Congressman Max Miller is expected to play a key role in these discussions. Central to the reforms is the Digital Asset PARITY Act, which aims to clarify how digital assets are taxed and directly affects how US businesses report these transactions on their tax returns.