Punchbowl News survey shows Hill aides doubt crypto tax bill passes this year

• A Punchbowl News poll indicates that only 10% of Congressional staffers believe a crypto tax bill will pass before the end of 2026 due to a crowded legislative calendar and political hurdles.
• Despite House approval of the Digital Asset Tax Certainty Act (H.R. 10357), which includes provisions for de minimis relief and stablecoins, Senate progress remains uncertain, mirroring past legislative failures.
• The continued uncertainty surrounding crypto taxation will impact traders, builders, and investors, delaying clarity on provisions like de minimis relief and stablecoin rules.

Topics: Legal regulatory, Jurisdictions, Public market access, Securities law classification, Regulatory sandboxes pilots, Bitcoin etf

Tags: #cryptotaxbill #hillstaffers #lameducksession #digitalassets #deminimisrelief #stablecoins #washsalerules #senate #housewaysandmeanscommittee #uncertainty

Read more

US Senate to release crypto tax legislation by fall 2026

• The US Senate is expected to release crypto tax legislation by fall 2026, aiming to provide much-needed tax clarity for the digital asset industry.
• The House has already advanced multiple digital asset tax bills, including the PARITY Act, which focuses on stablecoin taxation and definitions of digital assets.
• Key considerations for investors include how staking rewards will be taxed, with potential legislation significantly altering the economics of proof-of-stake networks.

Topics: Legal regulatory, Jurisdictions, Public market access, Securities law classification, Cross jurisdictional policy, Regulatory approval process

Tags: #cryptotaxlegislation #ussenate #fall2026 #parityact #stablecointaxation #digitalassets #stakingrewards #taxclarity #housewaysandmeanscommittee #senatefinancecommittee

Read more

Coinbase Urges Congress to Treat Stablecoins Like Cash and Ease Crypto Tax Burdens

Topics: Legal regulatory, Public market access, Compliance, Securities law classification, Regulatory approval process, Kyc aml frameworks

Tags: #coinbase #stablecoins #taxburden #capitalgains #congress #housewaysandmeanscommittee #digitalassets #deminimisexemption #washsalerules #irsaudits #categorized

Read more