On June 5, the U.S. House Ways and Means Committee circulated seven crypto tax draft bills — not a single omnibus, but a coordinated set of targeted fixes to issues that have long made America's crypto tax rules among the most burdensome in the developed world.
The core problem hasn't changed: under current law, virtually every crypto transaction triggers a taxable event. Spend Bitcoin, report the gain or loss. Receive staking rewards, owe income tax immediately — even if you haven't touched the tokens. That's what the package aims to fix.
The headline proposal is the bipartisan PARITY Act: miners and validators would be able to elect a deferral on newly created token rewards for up to five years. Right now, many stakers sell a portion of their rewards just to cover the tax bill on income they haven't converted to cash. The bill would end that forced liquidation cycle.
A second draft targets stablecoins. Transactions involving regulated, dollar-pegged stablecoins worth less than $200 would be exempt from capital gains tax. The practical effect: people could actually use crypto for everyday purchases without generating a compliance event each time they buy lunch.
The remaining five bills address: wash sale alignment (crypto currently lacks the same rules as stocks, creating a well-known loophole), charitable donation treatment, de minimis exemptions for small gains, lending and borrowing rules for tokenized assets, and a voluntary disclosure program for past reporting lapses.
A committee hearing is scheduled for June 9. Full enactment still requires a House floor vote, Senate approval, and the President's signature — realistically not before late 2026. But launching seven bills simultaneously, with bipartisan backing on the key provisions, marks a level of legislative intent on crypto taxation that simply didn't exist twelve months ago.
