The US House Ways and Means Committee is preparing to release a comprehensive package of seven cryptocurrency tax bills as early as Friday, June 5, 2026. This coordinated push, first reported by Bloomberg, represents the first time leadership of Congress's primary tax-writing panel has taken the direct lead on digital asset legislation.
According to sources familiar with the matter, the legislative package aims to resolve long-standing industry grievances regarding tax parity with traditional finance. Representative Kevin Hern, a Republican on the committee, confirmed the bills will clarify the timing and methodology for taxing staking rewards and mined tokens. The panel is also considering capital gains tax exemptions for certain stablecoin transactions, a move that could boost daily transactional utility for dollar-pegged assets.
To align crypto with traditional securities, the package proposes extending wash-sale rules to digital assets. Currently, crypto traders can exploit a loophole by selling assets at a loss and immediately repurchasing them to claim a tax deduction – a practice banned in stock trading under the 30-day wash-sale restriction. The bills would also extend safe-harbor provisions to foreign investors trading US digital assets and allow temporary asset transfers without triggering capital gains.
While the Treasury Department has actively collaborated with the committee to draft these measures, bipartisan consensus remains a hurdle. Representative Mike Thompson, the top Democrat on the House tax subcommittee, urged caution following a roundtable in May, noting that lawmakers must carefully weigh the risks of action versus inaction. Meanwhile, senior Senate tax lawmakers from both parties are quietly drafting their own competing crypto tax bills.
For traders, the immediate focus shifts to the upcoming committee hearing scheduled for early next week. If passed, the elimination of the wash-sale loophole could alter year-end tax-loss harvesting strategies, while clear staking rules could remove a major compliance overhang for institutional validators. Watch for the official bill texts to drop on Friday to confirm the exact thresholds for stablecoin exemptions.
US House Panel to Unveil Seven Crypto Tax Bills Targeting Staking
The US House Ways and Means Committee plans to release a package of crypto tax bills providing clearer rules for digital assets, including staking and mining taxes. The legislation aims to align crypto tax treatments with traditional finance, offering more certainty to the crypto industry.