House Ways and Means releases 114-page crypto tax bill: small-fee exemption, wash-sale rules for digital assets, mining and staking unresolved

# What the bill does and how it would change tax treatment

Certainty Act (H.R. 10357). It bundles several previously separate proposals into a single framework lawmakers planned to mark up on Sept. 16.

Other provisions address transfers, gain and loss calculations, broker requirements, and stablecoin treatment. The package draws on earlier Republican proposals and bipartisan bills, including parts of H.R. 9172 (Applying Existing Tax Anti-Abuse Rules to Digital Assets Act).

# What remains unresolved

Mining and staking taxation timing is the main unsettled issue. Lawmakers continue debating whether to allow deferral, to limit it, or to remove special timing for mining and staking rewards entirely. That disagreement was a central point during bill drafting and remained unresolved at the time of the committee release.

# Why the small-fee exemption matters

# How reporting changes interact with the bill

For context, broker reporting already changed: exchanges began reporting gross proceeds on Form 1099-DA for the 2025 tax year, and cost-basis reporting was being phased in for 2026. The IRS also requires wallet-by-wallet basis tracking today. Those reporting changes and tracking rules will affect how taxpayers and brokers implement any new statutory rules.

# Who pushed for relief and why

At least one major exchange urged lawmakers to ease the burden associated with small payments. In testimony earlier in the year, Coinbase's tax VP set out the compliance work required to calculate gains and losses on routine stablecoin payments and blockchain fees and called for relief for small transactions and delayed taxation of mining and staking rewards.

# Legislative process and next steps

Committee scheduled a markup for H.R. 10357. Committee members would consider this package alongside unrelated tax and health-care measures before deciding whether to advance it. If approved by the committee, the bill would move toward a House floor process where remaining disagreements—most notably on mining and staking—would need resolution.

# Practical takeaway for crypto users

If enacted as drafted, users would see less tax friction for very small on-chain fees, but many existing rules would tighten: wash-sale restrictions would limit loss-harvesting techniques for most digital assets, and reporting and basis-tracking requirements remain active. Mining and staking taxpayers should watch the debate closely because timing rules for reward recognition are still in flux.