The U.S. House Ways and Means Committee will hold a hearing on Tuesday, June 9, 2026, to discuss a package of draft crypto tax proposals, marking a formal step toward overhauling how digital assets are treated under federal tax law. The hearing, scheduled for 2 p.m. ET and broadcast live on the committee’s YouTube channel, will feature testimony from experts at Coinbase, Fidelity, Coin Center, and NYU Law’s Tax Law Center.
At the center of the discussion are seven Republican draft bills released last week that aim to restructure the Internal Revenue Service’s approach to crypto taxation. Key measures include tax relief for staking and mining rewards at the time they are generated rather than when sold, a $10 exemption for network fees on up to 5,000 transactions per year, and a two-year safe harbor for taxpayers who failed to report prior crypto gains. Lawmakers will also examine clarifications on capital gains treatment, broker reporting requirements, and rules for digital asset transfers.
The hearing follows years of ambiguity. Staking and mining rewards have long existed in a regulatory gray zone, making compliance a “guessing game,” said Markus Levin, co-founder of decentralized data network XYO. The draft proposals represent a shift toward “specific, targeted legislation” rather than retrofitting crypto into outdated tax categories, Levin added.
Dan Dadybayo, strategy lead at crypto infrastructure developer Horizontal Systems, expects a “constructive, business-focused discussion” aimed at making rules workable. He noted that the new 1% remittance transfer tax likely will not be reopened, as it primarily targets cash-funded transfers and excludes stablecoins, ACH, and processors like Stripe.
The House efforts run parallel to the Senate’s Clarity Act, a bill to define regulatory boundaries between securities and commodities. Industry observers stress that clear tax rules are critical even with a defined market structure, and the House proposals seek to provide specific guidance on long-problematic issues such as hard forks, airdrops, and income from decentralized lending protocols.
While the hearing does not involve a vote, it signals a serious legislative push to reduce uncertainty for millions of crypto users. The outcome, combined with Senate negotiations, could shape U.S. crypto market regulation for years to come.
