House Tax Committee Advances Crypto Bill Exempting Small Transaction Fees

A House committee overseeing tax policy voted to advance the Digital Asset Tax Certainty Act, a bill that would exempt qualifying crypto transaction fees from gain-or-loss calculations and tighten rules on tax-loss deductions for tokens sold and quickly repurchased. Two independent outlets, Decrypt and CoinDesk, reported the committee action, placing it directly after the broader Clarity Act’s setback in the Senate.

Neither report specified a committee vote tally or a floor-vote date. What both confirm is the substance: the bill targets everyday crypto use, not speculative trading, by carving out small fees from taxable events and closing a loophole crypto traders currently have that stock traders do not.

What the Bill Actually Changes

Under current law, selling a token at a loss and buying it back moments later can still generate a deductible loss for tax purposes, because IRS wash-sale rules were written for securities, not digital assets classified as property. The Digital Asset Tax Certainty Act would restrict that practice for crypto, aligning it more closely with how stock losses are already treated.

The other side of the bill addresses a smaller but common friction point: transaction fees. Paying a gas fee or a network fee in crypto can technically trigger a taxable gain or loss on the fee amount itself. The bill would exempt qualifying fees from that calculation, a change aimed squarely at reducing paperwork for routine wallet activity rather than large trades.

Timing: Right After the Clarity Act Stalled

Both outlets frame the committee vote as coming in the wake of the Clarity Act’s difficulties in the Senate, where the broader market-structure bill has faced procedural resistance for weeks. The tax bill is narrower in scope and moves through a different chamber process, but its advance signals that some crypto-specific legislation is still progressing even as the larger framework bill remains stuck.

Read more: Bitcoin ETFs Lose $450M, Deepest Since June, as CLARITY Act Stalls in Senate

One Detail Only One Source Reported

CoinDesk reported that President Trump’s ties to the crypto industry drew some pushback during the bill’s progress through committee. That detail did not appear in Decrypt’s coverage of the same vote, so it should be read as a single-sourced claim rather than a confirmed, cross-verified fact until further reporting corroborates it.

Neither report disclosed the exact dollar or percentage threshold that would define a “qualifying” fee, nor a scheduled date for a full House floor vote. The bill has cleared committee. What happens next, and when, is not yet specified in the reporting reviewed.

Sources

• decrypt.co
• coindesk.com