The US House Ways and Means Committee is bringing seven draft bills focused on digital asset taxation to a full committee hearing on June 9, 2026, at 2:00 PM ET. Chairman Jason Smith (R-MO) is making a deliberate play for bipartisan backing.

The draft legislation targets six core areas: de minimis relief for small transactions, the timing of taxation on mining and staking rewards, stablecoin classification, wash sale rules, treatment of network fees, and rules around charitable donations of digital assets.

The de minimis provision would set a threshold below which small transactions don’t trigger a taxable event, meaning you could use crypto to buy things without incurring capital gains tax on minor price differences between acquisition and spending.

The mining and staking timing question addresses whether validators are taxed at the moment of receipt or at the moment of sale. Taxing at receipt means miners and stakers owe income tax on tokens they haven’t sold, at prices they can’t control, creating potential cash flow problems during bear markets.

Wash sale rules prevent traders from selling an asset at a loss, immediately rebuying it, and claiming the tax deduction. Equities have been subject to wash sale rules for decades. These bills would bring digital assets into alignment with existing securities tax regulations on that front.

Network fees currently exist in a gray zone regarding tax treatment. The charitable donation provision would clarify how appreciated crypto assets are treated when given to nonprofits.

Who’s testifying and why it matters

Sarah Reilly from Fidelity Investments, Lawrence Zlatkin from Coinbase, and Jason Somensatto from Coin Center are all scheduled to appear.

Fidelity represents traditional finance’s push into digital assets. Coinbase is the largest publicly traded US crypto exchange. Coin Center is a nonprofit research and advocacy group focused on crypto policy.

The bipartisan question

Chairman Smith has been explicit that Democratic support is essential for advancing any crypto tax plan, as tax legislation passing on a party-line vote faces a much rougher path in the Senate.

The effort builds on prior bipartisan groundwork, including the PARITY Act discussion drafts from March 2026 that addressed some of the same issues.

Both the Crypto Council for Innovation and the Digital Chamber have responded positively to the legislative push, viewing it as a meaningful step toward tax clarity in the digital asset space.

What this means for investors

The structure of this effort—seven targeted drafts rather than one omnibus bill—allows individual provisions to advance even if others hit resistance.

For institutional players, clearer rules around staking income timing, wash sales, and securities alignment reduce compliance costs and legal uncertainty.

This effort comes amid broader positioning to establish the US as a leader in the digital asset space. Other jurisdictions, notably the EU with its MiCA framework, have already moved to provide regulatory clarity.