The House Ways and Means Committee is set to consider H.R. 10357, the Digital Asset Tax Certainty Act, on September 16, proposing a broad rewrite of digital-asset taxation after months of negotiations. The Joint Committee on Taxation estimates the legislation would raise approximately $500 million in net federal receipts from fiscal 2027 through 2036, offsetting tax relief for stablecoin users with stricter trading rules. The bill would exempt gains or losses from stablecoin transactions within prescribed bands around the $1 peg and disregard fees under $10, while also easing taxation on digital-asset lending and staking trusts. To compensate, lawmakers would extend wash-sale restrictions to digital assets, preventing investors from claiming losses after immediately repurchasing, and expand mark-to-market accounting for dealers and traders. Wednesday’s markup represents the first test of whether these compromises survive the legislative process, as the bill must still pass the House floor, Senate consideration, and presidential action.
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