Crypto · updated 1h ago · 3 min read
US House Advances H.R. 10357 Digital Asset Tax Certainty Act With 38–5 Vote
The committee advanced H.R.10357, Digital Asset Tax Certainty Act, 38–5, to the House. It would overhaul digital asset taxation, including rules for stablecoins, lending, mining, and staking.
Whether mining/staking reward timing was removed or left unresolved.
2 of 3 outlets skipped it: agenda includes non-crypto bills like the ASAP Alzheimer’s Act.
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BigGo Finance
“House Republicans are reportedly discussing removing tax provisions related to mining and staking from a digital assets tax bill.”Read the original ↗
AMBCrypto
“However, the debate revealed that the bill leaves a major question about staking and mining unresolved”Read the original ↗
One outlet suggests potential removal; another frames it as an unresolved policy question.
Bill advances, staking unclear
A broad US crypto tax bill, H.R. 10357, the “Digital Asset Tax Certainty Act,” advanced from the House Ways and Means Committee with a 38–5 vote to send the measure to the full House.
“Lawmakers voted38–5to send the Digital Asset Tax Certainty Act to the full House.”
The bill would amend tax rules that currently apply to stocks and other investments to also apply to digital assets, including wash-sale restrictions for crypto and rules that allow the use of cryptos without calculating a gain or loss to pay network or transaction fees of up to $10.
Lawmakers also rejected three amendments from Representative Lloyd Doggett, while the debate left unresolved how to determine when staking and mining rewards become taxable.
Joint Committee on Taxation Chief of Staff Thomas Barthold told lawmakers that the bill says income earned from validating crypto transactions will be treated as ordinary income, but that it “does not decide when that income must be recognized.”
Representative Steven Horsford said “some questions were unanswered” and that Congress could revisit the legislation if needed, even as the bill provided “basic guardrails.”
Mining and staking provisions
House Republicans were reportedly weighing stripping tax provisions related to mining and staking from the digital assets tax bill ahead of a Wednesday review, with Cointelegraph citing Punchbowl News for the reporting.
The tax bill was originally expected to include language clarifying the timing and method of taxation for digital assets newly acquired through mining or staking, but the discussion remained at the consideration stage with no finalized committee decision or House floor vote.
Bloomberg Government said the House Ways and Means Committee unveiled its cryptocurrency taxation legislation Monday night ahead of a Wednesday markup, with Steven Horsford (D-Nev.) and Rep. Max Miller (R-Ohio) listed in the coverage.
CoinDesk framed the movement as happening “in wake of Clarity Act loss,” noting the bill was approved 38-5 in a markup hearing and that it would seek to remove tax burdens on small crypto transactions.
Cointelegraph said the 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged, and that the package “leaves out a provision that would have allowed miners and stakers to defer taxation of rewards until the tokens are sold.”
Next steps and disputes
The House Ways and Means Committee’s crypto tax measure, H.R. 10357, was advanced with 38 members in favor and five Democrats against, sending the legislation to the full House while the chamber recesses again after Wednesday’s votes.
“advanced with 38 members in favor and five Democrats against, sending the legislation (H.R. 10357) to the full House”
Bloomberg Law reported the committee also voted unanimously in favor of advancing several tax and healthcare bills, while the panel was split on passing Medicaid expenditure legislation.
CoinDesk said the legislation addresses how crypto income would be recognized for tax purposes, transfers, wash sale rules, mining, staking and requirements for brokers, and it generally seeks to ensure digital assets get similar treatment as other assets.
CoinGape quoted committee Chair Rep. Jason Smith saying the markup vote was “a historic moment for this Committee,” after “more than a year of working together” to establish the first-ever tax framework for digital assets.
Even as the bill moved forward, the dispute over mining and staking remained central, with AMBCrypto noting the bill leaves a major question about staking and mining unresolved and with Cointelegraph describing the omitted reward deferral provision as keeping reward-tax timing unchanged.