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HR10357

Is The Bill "Digital Asset Tax Certainty Act" Crypto Friendly?

Description:

This legislation would comprehensively reform the tax treatment of digital assets under the Internal Revenue Code. Key provisions include exempting de minimis digital asset fees under ten dollars from capital gains tax, eliminating tax realization events for U.S. dollar stablecoins fluctuating near their peg, and offering simplified accounting for widely traded digital assets. The bill also establishes tax parity between digital assets and traditional financial instruments regarding lending and dealer mark-to-market elections, clarifies that mining and staking rewards constitute ordinary income, and mandates a Treasury study on using blockchain technology for tax compliance.

Date Introduced:

2026-09-14

Status:

Introduced and Sponsored

Stance on Crypto:

Very Pro-Crypto

Links:

  • https://www.congress.gov/119/bills/hr10357/BILLS-119hr10357ih.pdf
  • https://www.congress.gov/bill/119th-congress/house-bill/10357
  • https://www.govtrack.us/congress/bills/119/hr10357

Primary Commentary:
Add Bill Commentary

This legislation represents a highly positive development for the cryptocurrency industry by directly resolving some of the most persistent tax hurdles for users, traders, and infrastructure providers. By exempting transactions under ten dollars used to pay network and brokerage fees, the bill removes a massive administrative burden that has historically discouraged the use of decentralized applications and everyday payments. Additionally, treating compliant U.S. dollar stablecoins at their redemption value eliminates the tedious requirement to track fractional gains and losses from minor peg fluctuations, paving the way for stablecoins to function seamlessly as a global medium of exchange. The bill also provides substantial regulatory clarity by integrating digital assets into existing tax frameworks. It establishes tax parity with traditional finance, permitting mark-to-market accounting elections for dealers and treating digital asset lending agreements similarly to securities lending. While the bill introduces standard anti-abuse rules, such as extending wash-sale regulations to digital assets, these measures integrate crypto into mature financial systems rather than acting as hostile barriers. Furthermore, the forward-looking mandate for the Treasury to study privacy-preserving technologies like zero-knowledge proofs to automate compliance demonstrates a collaborative, tech-positive approach to tax administration.

Congress members who support this bill

Sponsors

Profile picture of Jason Smith
Jason Smith

Cosponsors

Republicans

Profile picture of Mike Carey
Mike Carey
Profile picture of Rudy Yakym III
Rudy Yakym III
Profile picture of Mike Kelly Jr
Mike Kelly Jr
Profile picture of David Kustoff
David Kustoff
Profile picture of Aaron Bean
Aaron Bean
Profile picture of Max Miller
Max Miller
Profile picture of Jodey Arrington
Jodey Arrington

Democrats

Profile picture of Steven Horsford
Steven Horsford

Additional Commentary

No additional commentary for this bill yet