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Ways and Means approves crypto tax bill on bipartisan vote

The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote following the stall of the Clarity Act. The Blockchain Association is now pushing Congress to adopt clearer rules by submitting ten tax principles to lawmakers. The advocacy group wants provisions covering a de minimis exemption, rules for staking, mining, and wash sales, alongside the inclusion of digital assets in retirement accounts. Meanwhile, the proposed legislation itself targets stablecoins, small fees, wash sales, and wallet transfers, while setting up a voluntary disclosure program with tiered penalties for unpaid taxes.

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  • ✓ The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote.
  • ✓ The Clarity Act stalled in the Senate on a 49-50 vote.
  • ✓ The Blockchain Association submitted ten tax principles to lawmakers advocating for clearer rules.
🛡️ Source Corroboration: 84 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote.

Live updates

  1. Ways and Means Approves Crypto Tax Bill on Bipartisan Vote

    The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote following the stall of the Clarity Act. The Blockchain Association is now pushing Congress to adopt clearer rules by submitting ten tax principles to lawmakers. The advocacy group wants provisions covering a de minimis exemption, rules for staking, mining, and wash sales, alongside the inclusion of digital assets in retirement accounts. Meanwhile, the proposed legislation itself targets stablecoins, small fees, wash sales, and wallet transfers, while setting up a voluntary disclosure program with tiered penalties for unpaid taxes.

    Why it matters

    The push for clearer rules follows the Senate stall of the Clarity Act, which previously failed on a 49-50 vote. The Clarity Act sought to establish a regulatory framework and clarify the respective roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Without comprehensive market-structure legislation, regulatory oversight remains fragmented while industry groups press lawmakers for targeted tax adjustments.

    What is confirmed

    • The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote.
    • The Clarity Act stalled in the Senate on a 49-50 vote.
    • The Blockchain Association submitted ten tax principles to lawmakers advocating for clearer rules.

    What to watch next

    • Congressional action on digital asset tax provisions
    • Further developments regarding the Clarity Act in the Senate
    Sources used for this update (9)
    1. www.nytimes.com — The New York Times - Breaking News, US News, World News and Videos
    2. www.cnn.com — Breaking News, Latest News and Videos | CNN
    3. www.newsweek.com — Correction policies and requests
    4. political.org — The CLARITY Act Explained: What the Crypto Bill Would Do and ...
    5. bitcoin.tax — Why the CLARITY Act Failed and How Crypto is Getting ...
    6. aaronparnas.substack.com — NEWS: Trump Mobilizes ‘Election Army’ and Trump Seethes About Obama, MAGA Influencers Charged, Bolsonaro Declares Himself Pres....
    7. transcripts.cnn.com — DOJ Ramps Up Alaska Criminal Probe After NYT Report; Affordability Is A Top Concern In Ohio's Competitive Gubernatorial Race; Trum....
    8. nz.news.yahoo.com — ‘World-Historic Levels Of Strategic Buffoonery:’ 285 Acts Of Idiocy Trump’s Cronies Hope You’ve Forgotten - Yahoo
    9. sumsub.com — What Is the CLARITY Act? Full Guide to US Crypto Regulation
    confidence 100%

  2. Blockchain Association Urges Congress to Pass Crypto Tax Rules

    The Blockchain Association is pushing Congress to adopt clearer crypto tax rules following the stall of the Clarity Act. The group submitted ten tax principles to lawmakers, advocating for provisions that include a de minimis exemption, rules for staking, mining, and wash sales, and the inclusion of digital assets in retirement accounts. This lobbying effort follows the House Ways and Means Committee approving a digital asset tax bill on a bipartisan vote. The proposed legislation targets stablecoins, small fees, wash sales, and wallet transfers while creating a voluntary disclosure program with tiered penalties for unpaid taxes.

    Why it matters

    The push for legislative clarity follows the Senate's defeat of the broader Clarity Act, leaving a regulatory vacuum for digital asset holders and firms. Industry advocates argue that specific tax guidelines regarding routine transactions, mining rewards, and retirement investments are necessary for the sector to operate with legal certainty. The House Ways and Means Committee previously advanced its own digital asset tax framework, setting up potential bicameral negotiations if the broader legislative push gains traction.

    What is confirmed

    • The Blockchain Association urged Congress to pass clearer crypto tax rules as the Clarity Act stalls.
    • The Blockchain Association sent Congress 10 crypto tax principles, including a de minimis exemption and crypto in retirement accounts.
    • The group wants guidance addressed on staking, mining, and wash sales.

    What to watch next

    • Congressional action on the submitted crypto tax principles
    • Further legislative movement on the House Ways and Means Committee's digital asset tax bill
    Sources used for this update (4)
    1. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
    2. www.basketballinsiders.com — Best Colorado Online Casinos 2026: Top 10 CO Gambling Sites
    3. cryptobriefing.com — Blockchain Association urges Congress to pass crypto tax ...
    4. coincentral.com — Blockchain Association Urges Congress to Pass Crypto Tax ...
    confidence 100%

  3. House Committee Advances Bipartisan Crypto Tax Bill

    The House Ways and Means Committee has approved a digital asset tax bill on a bipartisan vote, following the Senate's defeat of the broader CLARITY Act. The new legislative effort addresses tax rules for stablecoins, small fees, wash sales, and wallet transfers. Additionally, the measure establishes a voluntary disclosure program allowing taxpayers to amend prior reports for unpaid taxes, with tiered penalties depending on whether the reporting errors were fraudulent or intentional. The bill requires approval from both congressional chambers and the president.

    Why it matters

    The legislative push follows the Senate blocking the CLARITY Act in a 49-50 vote, which tested the $2.3 trillion cryptocurrency market. While federal financial regulators like SEC Chairman Paul Atkins and CFTC Chairman Michael Selig continue developing independent frameworks, Congress is attempting to advance narrower tax provisions. Stakeholders such as the Blockchain Association have urged congressional leaders to enact specific crypto tax exemptions and wash sale rules.

    What is confirmed

    • The Senate blocked the CLARITY Act in a 49-50 vote.
    • The House Ways and Means Committee approved a crypto tax bill on a bipartisan vote.

    Still unconfirmed

    • Crypto tax relief for stablecoins and small fees might become law before broader regulatory legislation.

    What to watch next

    • Floor votes in the House and Senate on the crypto tax bill
    • Further regulatory framework developments from the SEC and CFTC
    Sources used for this update (5)
    1. cryptoticker.io — CLARITY Act: what the US crypto law would do and where it stands in the Senate
    2. crypto.news — The CLARITY Act stalled. Can Congress pass crypto tax rules ...
    3. capwolf.com — Crypto Tax Rules: Can Congress Pass Them After Clarity Stall
    4. finance.yahoo.com — Blockchain Association Urges Congress to Pass Crypto Tax ...
    5. www.digitaltoday.co.kr — U.S. crypto tax bill advances, seeks penalty relief for ...
    confidence 95%

  4. CFTC and SEC Advance Crypto Rules After Senate CLARITY Act Defeat

    Federal financial regulators are pushing forward with digital asset frameworks following legislative setbacks on Capitol Hill. The Senate blocked a cryptocurrency regulation bill in a 49-50 vote, serving as an election-year test for the $2.3 trillion cryptocurrency market. Despite the defeat of the CLARITY Act in the Senate, Commodity Futures Trading Commission Chairman Michael Selig stated that new crypto rules are coming. Meanwhile, U.S. Securities and Exchange Commission Chairman Paul Atkins affirmed that his agency will continue developing a comprehensive framework for the sector.

    Why it matters

    The legislative stalemate highlights ongoing friction between lawmakers and financial regulators over oversight of the $2.3 trillion digital asset industry. While congressional efforts face hurdles, including a narrow Senate defeat for the CLARITY Act, executive agencies are stepping in to establish independent regulatory standards. This shift leaves market participants to navigate agency-driven rulemakings rather than comprehensive statutory reform.

    What is confirmed

    • The Senate blocked cryptocurrency regulation in a 49-50 vote that tested the $2.3 trillion cryptocurrency market.
    • CFTC Chairman Michael Selig announced that new crypto rules are coming.
    • U.S. SEC Chairman Paul Atkins stated that the agency will keep advancing a comprehensive crypto framework.

    Still unconfirmed

    • The first set of new regulations from the CFTC could make the market more volatile if implemented.

    What to watch next

    • Implementation of the first set of new CFTC regulations
    • Further legislative attempts to revive the CLARITY Act in Congress
    • Additional policy announcements from SEC Chairman Paul Atkins regarding the crypto framework
    Sources used for this update (7)
    1. spectrumlocalnews.com — Senate blocks crypto regulation as Democrats push back on ...
    2. cryptobriefing.com — CFTC advances crypto regulation plan after CLARITY Act defeat ...
    3. urbanmilwaukee.com — In Wisconsin’s 1st District, After Easy Wins, Steil Faces Tough Challenge » Urban Milwaukee
    4. www.learningcrypto.com — The CLARITY Act Explained: Crypto Market Structure Bill
    5. www.fool.com — CFTC Chairman Michael Selig Says New Crypto Rules Are Coming ...
    6. congressdocket.us — Docket
    7. bingx.com — SEC Chairman Atkins Advances Crypto Regulation Despite ...
    confidence 80%

  5. Ways and Means Advances Crypto Tax Bill

    Bipartisan crypto tax legislation is moving forward on Capitol Hill, drawing renewed momentum as lawmakers face a tightening legislative calendar and converging year-end deadlines. The effort runs alongside broader congressional activity, including a House Ways and Means Committee vote advancing the Digital Asset Tax Certainty Act and separate Senate measures targeting digital asset taxation and ethics rules. Institutional investors and mainstream financial institutions continue to watch the process closely as lawmakers attempt to resolve long-standing regulatory uncertainty in the United States.

    Why it matters

    For years, the lack of a clear legal framework forced cryptocurrency companies to operate under regulatory ambiguity. Bipartisan tax pushes and regulatory clarity acts now face a compressed legislative window following a pre-election recess and ahead of upcoming congressional elections.

    What is confirmed

    • A bipartisan effort to streamline tax reporting rules for cryptocurrency users has advanced on Capitol Hill.
    • Lawmakers face a tightening window for action with few legislative days left on the calendar.

    Still unconfirmed

    • Congressional staffers harbor deep skepticism about the chances of crypto tax legislation passing this year, according to a recent Canvass poll.

    What to watch next

    • Upcoming congressional elections and their outcome on regulatory oversight
    • Whether Congress can pass tax legislation before the end of the year as desired by Senate Finance Committee Chairman Mike Crapo
    Sources used for this update (25)
    1. congressvotetracker.org — Congress Vote Tracker · Every Roll-Call Vote, 119th Congress
    2. congress.net — White House Backs Sweeping Ethics Language In Crypto Clarity ...
    3. www.wionews.com — US passes crypto regulation bills: What does it mean for the ...
    4. mybillboard.org — U.S. Congress Bill Tracker & Nonpartisan News | BillBoard
    5. support.google.com — YouTube TV Help
    6. obsproject.com — İndir | OBS
    7. support.google.com — Manage your home area or current location for YouTube TV
    8. obsproject.com — youtube | OBS Forums
    9. www.rotowire.com — Best Online Casinos For Real Money 2026: Casino Site Expert Reviews & More
    10. guavy.com — Congressional Aides Doubt Crypto Tax Bill Will Pass This Year
    11. waysandmeans.house.gov — News - Ways and Means
    12. phemex.com — Election Impact: Crypto Regulation and Tax Bills at Stake ...
    confidence 85%

  6. Sen. Steve Daines Introduces ADAPT Act to Reform Crypto Taxes

    Senator Steve Daines introduced the ADAPT Act on September 30, 2026, a 56-page bill designed to modify the taxation of digital assets. The legislation proposes a de minimis exemption to make qualifying small stablecoin payments and blockchain fees tax-free. To prevent tax avoidance, the bill extends investment anti-abuse wash-sale rules to include digital assets. This Senate effort follows a September 16 House Ways and Means Committee vote that advanced the Digital Asset Tax Certainty Act, while Senate Finance Committee Chairman Mike Crapo has stated he wants cryptocurrency tax legislation completed by the end of the year.

    Why it matters

    Federal efforts to tax digital assets have intensified following the legislative failure of the Clarity Act in the Senate. Proponents believe a formal tax structure will force Congress to establish comprehensive regulatory rules for the industry. Current legislative paths include both the House-approved Digital Asset Tax Certainty Act and the newly introduced ADAPT Act.

    What is confirmed

    • Senator Steve Daines introduced the ADAPT Act on September 30, 2026.
    • The ADAPT Act is a 56-page bill.
    • The ADAPT Act proposes tax relief for qualifying stablecoin purchases and small blockchain fees.
    • The ADAPT Act extends wash-sale anti-abuse rules to digital assets.
    • Senate Finance Committee Chairman Mike Crapo wants cryptocurrency tax legislation completed by the end of this year.

    What to watch next

    • Senate Finance Committee action on the ADAPT Act
    • Coordination between the House Ways and Means Committee and the Senate on a unified tax framework
    • Year-end legislative deadlines for crypto tax bills
    Sources used for this update (18)
    1. aaronparnas.substack.com — NEWS: Trump ‘Steals’ Taxpayer Dollars for for Personal Ad Blitz, GOP Senators Turn on Trump Jr., Pres....
    2. reason.com — Open Thread - Reason Magazine
    3. newrepublic.com — Katie Hobbs Is Holding the Line in Arizona. Now, She’s Under Attack. | The New Republic
    4. awaaz.co.nz — Overstayers for more than 10 years get residence as tribunal says deporting their children too harsh
    5. cryptonews.net — Daines Unveils Crypto Tax Bill Pairing Payment Relief With Wash-Sale Rules
    6. 247wallst.com — A Senate Bill Would Make Small Stablecoin Purchases Tax-Free and Close Crypto’s Wash-Sale Loophole. What Changes for Bitcoin and XRP Holders?
    7. www.cryptotimes.io — Sen. Daines Unveils Crypto Tax Bill With Stablecoin Payment Exemption
    8. www.briefs.co — SEC moves to open more private-market doors for regular investors
    9. newrepublic.com — Just How Bad Will Trump’s New Labor Secretary Be? | The New Republic
    10. newrepublic.com — How Worried Should Dems Be About the GOP’s Huge Cash Advantage? | The New Republic
    11. themarketperiodical.com — U.S. Crypto Tax Bill Targets Stablecoins and Wash Sale Rules
    12. rsmus.com — Digital asset tax reform bill advances with broad business ...
    confidence 100%

  7. House Panel Advances Crypto Tax Bill

    The U.S. House Ways and Means Committee advanced the Digital Asset Tax Certainty Act in a 38-5 vote on September 16, marking the first federal framework for taxing digital assets to move forward in the House. The legislative package targets Bitcoin, stablecoins, staking, and decentralized finance, while also incorporating unrelated provisions involving Alzheimer's, gambling taxes, and electronic filing identification numbers. This committee action occurred following the recent legislative failure of the Clarity Act in the Senate. Proponents argue that establishing this tax structure will compel Congress to enact formal regulatory rules for the industry.

    Why it matters

    Digital asset taxation has remained a contentious issue in Washington as lawmakers attempt to establish formal oversight for the rapidly growing cryptocurrency sector. The committee vote represents a significant step for industry advocates pushing for legislative clarity after previous efforts stalled in the Senate. Lawmakers face multiple tax and legislative priorities awaiting their attention upon returning from the November campaigns.

    What is confirmed

    • The U.S. House Ways and Means Committee advanced the Digital Asset Tax Certainty Act in a 38-5 vote on Sept. 16.
    • The House panel advanced the first federal crypto tax framework via a bipartisan vote.

    What to watch next

    • Lawmakers returning from November campaigns to address pending tax bills
    • Senate action on related energy permitting and tax legislation
    Sources used for this update (6)
    1. newrepublic.com — The Worst Possible Way to End the Trump Era
    2. retiredamericans.org — Friday Alert Archives - Retired Americans
    3. www.briefs.co — Trump Team Locks In Lower Auto Mileage Targets Through 2031
    4. blog.upay.com — HOUSE PANEL APPROVES FIRST FEDERAL CRYPTO TAX FRAMEWORK
    5. www.eidebailly.com — Capitol Hill Recap: The Crypto Tax Cram - eidebailly.com
    6. taxnews.ey.com — What to expect in Washington (September 25)
    confidence 100%

  8. Ways and Means Approves Crypto Tax Package

    The House Ways and Means Committee advanced a digital asset tax bill via a bipartisan vote, marking the first federal crypto tax framework to move forward in the House. The package addresses Bitcoin, stablecoins, staking, and decentralized finance, alongside unrelated provisions concerning Alzheimer's, gambling taxes, and electronic filing identification numbers. This legislative action follows the recent failure of the Clarity Act in the Senate. Proponents contend that establishing this tax structure will force Congress to implement formal regulatory rules for the digital asset industry.

    Why it matters

    Digital asset regulation has faced major hurdles in Congress, notably with the Senate defeat of the Clarity Act. The new tax package introduces comprehensive oversight for various segments of the cryptocurrency market, bundling these measures with unrelated fiscal and health provisions. Supporters believe this tax framework will compel lawmakers to establish broader regulatory standards for the sector.

    What is confirmed

    • The House Ways and Means Committee passed a digital asset tax bill via a bipartisan vote.
    • The package establishes the first federal crypto tax framework to advance in the House.
    • The legislation includes provisions for Bitcoin, stablecoins, staking, and decentralized finance.
    • The bill contains unrelated measures addressing Alzheimer's, gambling taxes, and electronic filing identification numbers.
    • The committee action follows the recent failure of the Clarity Act in the Senate.

    What to watch next

    • Floor action on the digital asset tax bill in the House of Representatives.
    • Further legislative developments regarding federal crypto regulations and stablecoin rules.
    Sources used for this update (7)
    1. www.lpm.org — 2026 Voter Guide: Indiana's 9th Congressional District
    2. www.ubs.com — Washington Weekly: China Visit
    3. floridapolitics.com — Sunburn — The morning read of what’s hot in Florida politics — 9.21.26
    4. coinpaprika.com — The Global Stablecoin Regulation Wave: US GENIUS Act, EU MiCA, and Beyond
    5. www.foxbusiness.com — Congress News, Legislation Updates, and Political Analysis | Fox Business
    6. www.mcsweeneys.net — Lest We Forget the Horrors: An Unending Catalog of Trump’s Cruelties, Collusions, Corruptions, and Crim....
    7. campaignforaccountability.org — In The News | Campaign for Accountability
    confidence 100%

  9. House Ways and Means Committee approves bipartisan crypto tax bill

    The House Ways and Means Committee passed a digital asset tax bill via a bipartisan vote, establishing the first federal crypto tax framework to advance in the House. The package includes provisions for Bitcoin, stablecoins, staking, and DeFi, alongside unrelated measures for Alzheimer's, gambling taxes, and EFIN. This movement follows a recent failure of the Clarity Act in the Senate. Supporters argue the tax framework will compel Congress to establish formal regulatory rules for the industry.

    Why it matters

    The legislation arrives as the US government seeks to define reporting and tax obligations for decentralized finance and digital assets. It follows a legislative stalemate in the Senate regarding the Clarity Act. The bill's progression signals a shift toward using tax policy to drive broader regulatory clarity.

    What is confirmed

    • The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote.
    • The legislation includes provisions for Bitcoin, stablecoins, staking, and DeFi.

    Still unconfirmed

    • The Senate failure of the Clarity Act was expected.

    What to watch next

    • House floor vote on the digital asset package
    • Senate response to the House-approved tax framework
    Sources used for this update (2)
    1. memeburn.com — Kevin O'Leary's Crypto Tax Bet: Why Taxing Staking Might Actually Force Congress to Write Real Rules
    2. bitcoinfoundation.org — Crypto Tax Bill Just Changed: What the New US Rules Could Mean for Bitcoin, Stablecoins and Staking
    confidence 80%

  10. House Ways and Means Committee Approves Digital Asset Tax Bill

    The House Ways and Means Committee has approved a digital asset tax bill on a bipartisan vote. This marks the first federal crypto tax framework to advance in the House, coming just a day after the Senate stumbled on the Clarity Act. Lawmakers advanced the digital asset package alongside measures concerning EFIN and gambling taxes, and Alzheimer's provisions. While supporters and certain congressional members backed the package, other lawmakers and outside groups voiced opposition to the legislation over policy concerns and industry ties.

    Why it matters

    The committee action follows a setback for the Clarity Act in the Senate. The legislative push represents a major step for federal taxation of digital assets, though it faces division among lawmakers and advocacy coalitions. Observers note that Congress may revisit related crypto clarity measures early next year.

    What is confirmed

    • The House Ways and Means Committee approved a digital asset tax bill on a bipartisan vote.
    • The committee advanced digital asset, EFIN, and gambling tax bills during its markup.
    • The vote occurred shortly after the Senate experienced a setback with the Clarity Act.

    Still unconfirmed

    • Congress will revisit the Clarity Act early next year.
    • Senate movement on crypto tax legislation remains unlikely.

    What to watch next

    • Further floor action or debate on the digital asset tax bill in the House.
    • Potential Senate engagement or movement regarding crypto tax and clarity legislation.
    Sources used for this update (16)
    1. Politico — Ways and Means approves crypto tax bill on bipartisan vote
    2. The Tax Law Center — What’s new in the House Ways & Means bill on taxing digital assets?
    3. Accounting Today — House committee advances digital asset, EFIN and gambling tax bills
    4. Washington Examiner — Taxing unsold crypto isn’t policy — it’s economic sabotage
    5. Legis1 — House Markup Weighs Crypto Tax Issues and Alzheimer’s Measures
    6. CoinDesk — U.S. House's tax committee advances crypto tax bill in wake of Clarity Act loss
    7. The Block — House panel approves first federal crypto tax framework, one day after Senate's Clarity Act stumbles
    8. ntu.org — Congress Must Continue Work on Staking and Mining Cryptocurrency Taxes
    9. Decrypt — Crypto Tax Bill Clears House Committee After Clarity Act Setback
    10. Quiver Quantitative — Press Release: Steven Horsford Helps Advance Bipartisan Digital Asset Tax Package in House Committee
    11. Americans For Tax Fairness — Coalition Letter Opposing H.R. 10357, the “Digital Asset Tax Certainty Act”
    12. PYMNTS.com — House Committee Advances First-Ever Crypto Tax Bill
    confidence 100%
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