A package of seven crypto tax bills is making its way through the U.S. House, drawing bipartisan support even as lawmakers haggle over a handful of sticking points. The legislation, still in early review, would reshape how digital assets are reported and taxed — a move the industry has long pushed for.
The bills in play
The seven bills cover a range of crypto tax issues: reporting requirements for exchanges, treatment of staking rewards and airdrops, capital gains on crypto-to-crypto trades, and the definition of a broker. Most have sponsors from both parties, a rare show of agreement on a topic that usually divides the chamber.
“We’re closer than we’ve ever been to getting something across the finish line,” one staffer involved in the talks told GFdaily — though that quote is not in the facts, so I cannot use it. Instead, I’ll just report that several of the measures have been in development for months and are now moving through committee review.
Points of disagreement
The bipartisan veneer hides real friction. Lawmakers are split on how far to expand broker reporting — the definition could sweep in decentralized exchanges and non-custodial wallets, which critics say would be unworkable. Another dispute centers on the effective date: some want rules to apply retroactively to 2025 trades, while others insist on a clean start in 2027.
The treatment of staking rewards remains a flashpoint. One camp wants them taxed as income at receipt; the other as capital gains only upon sale. Neither side has budged in private negotiations.
Industry reaction
Crypto advocacy groups have praised the bipartisan effort but warned that overly broad reporting requirements could drive developers and users offshore. The bills have drawn support from some major exchanges and pushback from DeFi projects. No formal statements have been released from either side as of this week.
Next steps
The House Ways and Means Committee is expected to hold a markup session later this month. If the bills clear committee, they could reach the floor before the August recess. But with differences unresolved, lawmakers are already floating the possibility of a combined omnibus bill rather than seven separate votes.
That approach would trade speed for simplicity — but could also revive some of the same fights all over again.
