Blab Crypto
House Ways and Means Committee Unveils Six Bills Aiming to Simplify Crypto Taxation
On 21 June 2026, the House Ways and Means Committee – the U.S. House’s chief tax‑writing body – rolled out a package of six new bills that directly target the digital‑asset sector. The legislation seeks to cut the administrative burden on everyday users, clarify how mining and staking income is taxed, and align crypto’s tax rules with those that govern traditional financial instruments.
The six measures are:
* H.R. 9178 – Less Tax Paperwork for Digital Asset Owners Act (Rep. Rudy Yakym). This proposal would amend the Internal Revenue Code to drop certain reporting requirements that currently apply to routine digital‑asset transactions.
* H.R. 9175 – Tax Clarity for Mining and Staking Act (Rep. Michael Carey). The bill would codify that income earned through mining or staking newly minted digital assets is ordinary income, while also permitting taxpayers to elect a treatment that mirrors self‑created property.
* H.R. 9173 – Charitable Deductions for Digital Asset Donations Act (Rep. Mike Kelly). This act would exempt digital‑asset donations from the appraisal requirement that applies to other charitable contributions.
* H.R. 9176 – Providing Analogous Rules for Digital Assets Act (Rep. Jason Kustoff). The proposal would extend existing tax treatments that apply to traditional financial assets to digital assets.
* H.R. 9174 – Digital Assets Voluntary Disclosure Program Act (Rep. Jason Bean). The legislation would create a one‑time voluntary disclosure program for past non‑compliance on digital assets.
* H.R. 9172 – Applying Existing Tax Anti‑Abuse Rules to Digital Assets Act (Rep. Jason Arrington). This bill would apply the anti‑abuse rules that exist for traditional assets to digital assets, closing potential loopholes.
According to the Committee’s press release, the bills are designed to “clarify rules and lower compliance costs” for the U.S. crypto market. The Committee, currently under Republican control, has repeatedly voiced support for innovation in the digital‑asset space.
The timing of the package is noteworthy. The CLARITY Act, passed by the House in 2025 to set a regulatory framework for crypto‑asset exchanges, remains in the Senate. Analysts expect a floor vote before the July 4th deadline, though no decision has yet been made.
The definition of a digital asset used in the bills mirrors the language adopted by the South Carolina Legislature in 2025. It covers virtual currency, stablecoins, fungible tokens, non‑fungible tokens, and other digital‑only assets that confer economic, proprietary, or access rights.
If enacted, the legislation would have tangible effects. Routine transactions would no longer trigger the same reporting obligations that currently apply to stock or real‑estate sales. Mining and staking rewards would be treated consistently with other forms of ordinary income, simplifying the tax reporting for miners and stakers. Charitable donors would be able to claim deductions for digital‑asset gifts without the need for a formal appraisal, bringing parity with traditional charitable contributions.
The voluntary disclosure program would give taxpayers a single opportunity to correct past non‑compliance, while the anti‑abuse bill would extend existing IRS rules that prevent tax avoidance to the digital‑asset arena.
At present, the six bills sit on the House floor. They will need Senate approval and presidential signature before becoming law. No immediate changes are expected, but the legislation could shape how digital‑asset transactions are reported and taxed in the coming years.
These bills are part of a broader effort to bring clarity and consistency to the U.S. crypto tax regime, a goal that has been a priority for the Treasury and the IRS in recent years. Stakeholders in the crypto industry are watching the progress closely, as the measures could reduce administrative costs and improve the regulatory certainty that has historically been a barrier to wider adoption.
The outcome of the Senate vote on the CLARITY Act, along with any amendments to the six House bills, will be key indicators of the U.S. government’s approach to regulating the rapidly expanding digital‑asset market.
The six measures are:
* H.R. 9178 – Less Tax Paperwork for Digital Asset Owners Act (Rep. Rudy Yakym). This proposal would amend the Internal Revenue Code to drop certain reporting requirements that currently apply to routine digital‑asset transactions.
* H.R. 9175 – Tax Clarity for Mining and Staking Act (Rep. Michael Carey). The bill would codify that income earned through mining or staking newly minted digital assets is ordinary income, while also permitting taxpayers to elect a treatment that mirrors self‑created property.
* H.R. 9173 – Charitable Deductions for Digital Asset Donations Act (Rep. Mike Kelly). This act would exempt digital‑asset donations from the appraisal requirement that applies to other charitable contributions.
* H.R. 9176 – Providing Analogous Rules for Digital Assets Act (Rep. Jason Kustoff). The proposal would extend existing tax treatments that apply to traditional financial assets to digital assets.
* H.R. 9174 – Digital Assets Voluntary Disclosure Program Act (Rep. Jason Bean). The legislation would create a one‑time voluntary disclosure program for past non‑compliance on digital assets.
* H.R. 9172 – Applying Existing Tax Anti‑Abuse Rules to Digital Assets Act (Rep. Jason Arrington). This bill would apply the anti‑abuse rules that exist for traditional assets to digital assets, closing potential loopholes.
According to the Committee’s press release, the bills are designed to “clarify rules and lower compliance costs” for the U.S. crypto market. The Committee, currently under Republican control, has repeatedly voiced support for innovation in the digital‑asset space.
The timing of the package is noteworthy. The CLARITY Act, passed by the House in 2025 to set a regulatory framework for crypto‑asset exchanges, remains in the Senate. Analysts expect a floor vote before the July 4th deadline, though no decision has yet been made.
The definition of a digital asset used in the bills mirrors the language adopted by the South Carolina Legislature in 2025. It covers virtual currency, stablecoins, fungible tokens, non‑fungible tokens, and other digital‑only assets that confer economic, proprietary, or access rights.
If enacted, the legislation would have tangible effects. Routine transactions would no longer trigger the same reporting obligations that currently apply to stock or real‑estate sales. Mining and staking rewards would be treated consistently with other forms of ordinary income, simplifying the tax reporting for miners and stakers. Charitable donors would be able to claim deductions for digital‑asset gifts without the need for a formal appraisal, bringing parity with traditional charitable contributions.
The voluntary disclosure program would give taxpayers a single opportunity to correct past non‑compliance, while the anti‑abuse bill would extend existing IRS rules that prevent tax avoidance to the digital‑asset arena.
At present, the six bills sit on the House floor. They will need Senate approval and presidential signature before becoming law. No immediate changes are expected, but the legislation could shape how digital‑asset transactions are reported and taxed in the coming years.
These bills are part of a broader effort to bring clarity and consistency to the U.S. crypto tax regime, a goal that has been a priority for the Treasury and the IRS in recent years. Stakeholders in the crypto industry are watching the progress closely, as the measures could reduce administrative costs and improve the regulatory certainty that has historically been a barrier to wider adoption.
The outcome of the Senate vote on the CLARITY Act, along with any amendments to the six House bills, will be key indicators of the U.S. government’s approach to regulating the rapidly expanding digital‑asset market.
