Digital Asset Tax Certainty Act
Latest action (14 Sep 2026): Introduced
What this bill does
H.R. 10357, the Digital Asset Tax Certainty Act, would amend the Internal Revenue Code to create specific tax rules for cryptocurrency and other digital assets. Detailed provisions include exempting small ("de minimis") network and transaction fees paid in digital assets, up to $10, from triggering taxable gain or loss; and creating an elective simplified mark-to-market accounting method for "widely traded" digital assets, under which annual gains or losses are calculated based on year-end value changes rather than tracking each transaction, with such gains/losses treated as short-term. The bill also addresses stablecoin transactions, digital asset lending, dealer/trader treatment, charitable donations of digital assets, wash-sale and constructive-sale anti-abuse rules, mining and staking income, broker reporting requirements, and reinstates certain wagering-loss deduction rules.
The bill primarily affects individuals and businesses that buy, sell, mine, stake, lend, or trade digital assets, as well as brokers and dealers handling them; it aims to clarify and standardize how such activity is taxed. It also directs the Treasury Department to issue regulations, conduct a study, and establish a voluntary disclosure program for digital asset owners.
The bill was introduced on September 14, 2026, by Rep. Jason Smith with several cosponsors and referred to the House Committee on Ways and Means. It has not yet received a committee vote, floor vote, or further congressional action.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 14, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10357 do?
- H.R. 10357, the Digital Asset Tax Certainty Act, would amend the Internal Revenue Code to create specific tax rules for cryptocurrency and other digital assets. Detailed provisions include exempting small ("de minimis") network and transaction fees paid in digital assets, up to $10, from triggering taxable gain or loss; and creating an elective simplified mark-to-market accounting method for "widely traded" digital assets, under which annual gains or losses are calculated based on year-end value changes rather than tracking each transaction, with such gains/losses treated as short-term. The bill also addresses stablecoin transactions, digital asset lending, dealer/trader treatment, charitable donations of digital assets, wash-sale and constructive-sale anti-abuse rules, mining and staking income, broker reporting requirements, and reinstates certain wagering-loss deduction rules. The bill primarily affects individuals and businesses that buy, sell, mine, stake, lend, or trade digital assets, as well as brokers and dealers handling them; it aims to clarify and standardize how such activity is taxed. It also directs the Treasury Department to issue regulations, conduct a study, and establish a voluntary disclosure program for digital asset owners. The bill was introduced on September 14, 2026, by Rep. Jason Smith with several cosponsors and referred to the House Committee on Ways and Means. It has not yet received a committee vote, floor vote, or further congressional action.
- Has H.R. 10357 become law?
- Not yet. As of 14 Sep 2026, H.R. 10357 is introduced.
- Who sponsored H.R. 10357?
- H.R. 10357 was sponsored by Rep. Jason Smith [R-MO8] (Republican-MO), with 0 cosponsors.
- What's the latest action on H.R. 10357?
- Introduced (14 Sep 2026).
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