The US House committee responsible for tax policy has scheduled a markup of a crypto tax bill for September, moving the legislation one step closer to a full floor vote. The bill, which has been in development for months, aims to clarify reporting requirements for digital asset transactions and close perceived tax gaps.
What the markup means
A markup is when a committee debates, amends, and votes on a bill before sending it to the full House. The September date signals that leadership wants to move the crypto tax issue before the end of the fiscal year. The exact text of the bill hasn't been released yet, but earlier drafts focused on requiring brokers — including decentralized exchanges and non-custodial wallet providers — to report gross proceeds from crypto sales.
Industry reaction so far
Trade groups have been lobbying heavily on the definition of "broker," arguing that some provisions could be impossible for decentralized platforms to comply with. The markup will be the first public test of whether those concerns have been addressed. No formal statements from the committee chair or ranking member have been issued since the schedule was announced.
What happens next
The committee markup is expected to take place in the second week of September. If the bill passes out of committee, it would head to the House floor for a vote. A companion bill in the Senate has not yet been scheduled for markup. The timeline for final passage remains uncertain, but the September markup is the most concrete step yet in 2026.
