TL;DR:
- Seven independent draft bills are circulating internally within the U.S. House Ways and Means Committee ahead of the June 9 hearing.
- The proposals include extending wash sale rules to the digital asset sector and a tax exemption for routine payment transactions.
- Previous legislative estimates for similar projects project a revenue collection of approximately 600 million dollars between the years 2025 and 2034.
The United States House Ways and Means Committee has launched a tax push by internally circulating seven draft bills that seek to structurally reform the taxation of digital assets within U.S. territory. The initiative surfaces days before a committee hearing scheduled for this coming June 9.
🚨SCOOP: The House Ways and Means Committee is circulating a package of SEVEN digital asset tax discussion drafts that would overhaul how crypto is taxed in the U.S.
The bills tackle everything from stablecoin transactions, mining and staking, crypto lending and wash sale rules… pic.twitter.com/GuTp0B2zSq
— Eleanor Terrett (@EleanorTerrett) June 5, 2026
The legislative package breaks a broader bipartisan tax bill into independent proposals. According to the text under discussion, the strategy aims to allow lawmakers to advance each measure separately to facilitate their approval.
The plan formally splits the Digital Asset PARITY Act, which was originally introduced on May 19 by Representatives Max Miller and Steven Horsford. Committee leadership has established cryptocurrency taxation as a priority for the current session.
Regulation of stablecoins, mining, and digital lending
The PARITY Act includes provisions to prevent routine, everyday payment transactions from triggering tax reporting obligations. In a parallel Senate proposal, a de minimis exemption of $300 dollars with a $5,000 dollar annual cap is proposed for this type of operations.
The second axis of the proposal focuses on block validation and mining activities. The drafts suggest that validators and miners defer income recognition until the moment they sell the earned rewards.
This measure seeks to solve the phantom income problem, which currently forces taxes to be paid on tokens before holders convert them into cash. According to the analysis of the drafts, the text of the PARITY Act would also allow active traders and dealers to elect mark-to-market accounting. This accounting method directly aligns with the way traditional securities are taxed in the U.S. financial system.
Cryptocurrency loans represent the third sector regulated in this package. The proposed regulations would extend securities lending rules to digital assets. Under this criteria, a bona fide loan would no longer count as a taxable sale.
Closing legal loopholes in the crypto market
The presented drafts would also apply wash sale rules to cryptocurrencies for the first time in the history of this industry. Traders will have to wait a 30-day period before claiming a tax loss if they decide to buy back the same asset.
Stock investors already face this limit on Wall Street. The new provisions would simplify the rules for charitable donations with liquid tokens, while curbing abuses with speculative assets.
Bitcoin advocacy organizations expressed their opposition to the legislation due to the clauses related to mining. According to estimates linked to the Senate version, it is projected that these measures could raise about 600 million dollars between 2025 and 2034.
The institutional development of these regulations will depend on political negotiations in Congress. The session scheduled for June 9 will serve to determine which of the seven draft bills have the necessary bipartisan backing to advance in the formal legislative process.
