House tax panel advances bipartisan digital-asset tax drafts ahead of June 9 hearing

The U.S. House Ways and Means Committee released seven digital-asset tax discussion drafts on June 5 ahead of a June 9 hearing, adding detail to a broader bipartisan congressional effort to revise how crypto activity is taxed. The drafts reportedly address staking, wash-sale rules, crypto lending, charitable donations, voluntary disclosure and a proposal to exempt stablecoin transactions under $200 from capital gains tax. Blockchain Association CEO Summer Mersinger praised the committee’s bipartisan work, saying clearer tax rules are important for consumers, developers and businesses. The package underscores growing attention in Congress to digital-asset tax treatment, with potential implications for reporting obligations, trading strategies, product design and token-based payments.

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