House Committee Examines Crypto Tax Bills Amid Bipartisan Skepticism and Concerns Over Tax Avoidance Loopholes
The U.S. House Ways and Means Committee reviewed draft legislation on digital-asset taxation. Democrats raised concerns over potential abuse of mining and staking deferrals.
theweek.comU.S. House Ways and Means Committee held a hearing on June 9, 2026, to examine seven draft crypto tax bills. Committee Chairman Jason Smith said the legislation targets gaps in the tax code, including parity with traditional assets and reduced paperwork for digital-asset owners and brokers.
One bill would exempt small transactions with very minimal gains from tax reporting. Another would eliminate the double-taxed scenario for mining and staking proceeds, which are currently taxed upon receipt and when sold. " Democrats on the committee raised significant concerns about the potential for deferred taxation of mined digital assets being gamed by mining companies.
U.S. Senate. Senator Cynthia Lummis has sought to move similar crypto tax legislation through the Senate so far unsuccessfully.
The current session of Congress ends at the close of 2026. S. tax agency has cut a significant portion of its staff under the administration of President Donald Trump.
