US Lawmakers Brings Six Crypto Tax Bills to Make America Crypto-Friendly

The United States House Ways and Means Committee has introduced six separate digital asset tax bills that target staking rewards, mining income, small crypto payments, wash-sale rules, and donating cryptocurrencies.

The proposals will be reviewed during a key congressional hearing on June 9 to strengthen the country’s position in the global digital asset race.

Six Crypto Bills Congress Brings To Resolve Crypto Tax Problems

Rather than introducing a large crypto bill, lawmakers have divided the effort into six targeted proposals, allowing individual measures to advance even if others face opposition.

The House Ways and Means Committee has introduced six standalone proposals:

• Less Tax Paperwork for Digital Asset Owners Act (H.R. 9178)
• Tax Clarity for Mining and Staking Act (H.R. 9175)
• Charitable Deductions for Digital Asset Donations Act (H.R. 9173)
• Digital Assets Voluntary Disclosure Program Act (H.R. 9174)
• Providing Analogous Rules for Digital Assets Act (H.R. 9176)
• Applying Existing Tax Anti-Abuse Rules to the Digital Assets Act (H.R. 9172)

Together, these bills target some of the most common complaints from crypto investors, miners, stakers, and businesses.

Among the six proposed bills, one of the most closely watched is the Tax Clarity for Mining and Staking Act, which seeks to define when staking and mining rewards become taxable.

The issue has long divided regulators and crypto users, especially during bear markets when investors can owe taxes on tokens they have not sold.

Small Crypto Payments To Become Tax-Free

The proposed legislation also introduces a de minimis exemption for small crypto transactions. Today, even buying a cup of coffee with crypto can create a taxable event.

If approved, Americans could use digital assets for everyday purchases without triggering capital gains taxes on minor price movements.

Further, lawmakers are also looking to address wash-sale rules, network fee treatment, and charitable crypto donations. 

Another proposal would simplify charitable donations made with crypto and create a voluntary disclosure program for taxpayers seeking to resolve past crypto reporting issues.

Coinbase, Fidelity Join For Hearing

The House Ways and Means Committee will hold a hearing on June 9, where representatives from Fidelity Investments, Coinbase, and Coin Center are scheduled to testify.

Committee Chairman Jason Smith has highlighted the need for bipartisan support, saying that any lasting crypto tax framework must gain backing from both parties.

Industry groups, including the Crypto Council for Innovation and the Digital Chamber, have already welcomed the initiative, calling it a meaningful step toward regulatory clarity.

With Europe already operating under the MiCA framework, U.S. lawmakers face growing pressure to establish clearer rules for millions of crypto users.