Bill · H.R. 10357· House(119-HR-10357)
Digital Asset Tax Certainty Act
- Introduced
- 9/14/2026
- Last activity
- 9/16/2026 — Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.
- Sponsored by
- Jason Smith
- Cosponsors
- - 7 - 1
- Introduced
What this bill would do
This bill makes several changes to how digital assets are taxed under the Internal Revenue Code. It creates tax exceptions for small network and transaction fees and allows for simplified accounting for widely traded digital assets. The legislation sets rules for U.S. dollar stablecoin transactions and provides tax parity between digital assets and traditional financial assets like securities. It also applies existing tax anti-abuse rules, such as wash sale and constructive sale rules, to digital assets. Finally, the bill establishes a Digital Asset Voluntary Disclosure Program to help taxpayers fix past tax issues.
Yes· 3 of 15
Is this likely to grow the economy?+3
Reduces regulatory barriers and tax frictions while providing clarity for stablecoins and digital asset innovation.
Does this make it easier to run a small business?+3
Simplifies accounting and reporting requirements for digital asset transactions.
Would business owners be better off under this?+3
Provides clear rules for dealers and traders and reduces compliance costs for cross-border transactions.
The opposite· 3 of 4
Would high-income households be better off under this?-1
Balanced between clearer tax rules and restrictions on tax-loss harvesting strategies.
Would people with substantial wealth be better off under this?-1
Balanced between clarification of wrapping/staking and loss of wash sale offsetting ability.
Would the very wealthiest people be better off under this?-1
Balanced between predictable regulatory frameworks and stricter anti-abuse rules for large asset movement.
Who it would affect, and how
Potential Positive Impacts for People
-
Small Fee Tax Relief: Section 101 adds Section 1044 to the tax code, which means people will not have to report a taxable gain or loss when using digital assets to pay small network or transaction fees of $10 or less.
-
Simplified Accounting: Section 102 adds Section 1051, giving taxpayers the option to use simplified accounting methods for widely traded digital assets, which cuts down on the paperwork and record-keeping burden for everyday users.
-
Charitable Giving Option: Section 204 amends Section 1046 to allow people to sell certain digital assets and donate the proceeds to charity without having to pay capital gains tax on the sale, provided the donation is made quickly.
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A Chance to Fix Past Mistakes: Section 502 creates the Digital Asset Voluntary Disclosure Program, giving folks a structured way to fix past digital asset tax errors, clear up their records, and avoid harsh criminal penalties or severe financial audits.
Potential Negative Impacts for People
-
Stricter Anti-Abuse Rules: Section 301 amends Section 1091 to apply wash sale rules to traded digital assets, meaning individuals can no longer use certain quick crypto sell-and-buy maneuvers to lower their tax bills.
-
New Tracking and Reporting Burdens: Section 501 increases reporting requirements for brokers, placing a heavier compliance load on everyday users who must now supply more detailed transaction data to the government.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Economic Growth+3Improves Small Business Support+3Reduces Middle Class Taxes+2Improves Fiscal Responsibility+1Reduces Small Business Taxes+1
- Demographic And Interest Groups
- Good For Business Owners+3Good For Middle Class Households+2Good For Young Adults+2Good For Low Income Households+1Good For Middle Aged+1Good For Students+1Good For Billionaires-1Good For High Income Households-1Good For High Net Worth Individuals-1Good For Ultra High Net Worth Individuals-1
- Governance And Ideology
- Improves Privacy Rights+2Increases Federal Power+2
- Education And Technology
- Improves Data Privacy+3
- National Security And Foreign Policy
- Improves International Trade+1
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.
- 9/14/2026
- Referred to the House Committee on Ways and Means.
- 8 Cosponsors added.
- Introduced in House
5 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jodey ArringtonRepublican · Texas
Aaron BeanRepublican · Florida
Mike CareyRepublican · Ohio
Steven HorsfordDemocrat · Nevada
Mike KellyRepublican · Pennsylvania
David KustoffRepublican · Tennessee
Max MillerRepublican · Ohio
Rudy YakymRepublican · Indiana