House Ways & Means just passed H.R. 10357 (Digital Asset Tax Certainty Act) 38–5 on Sep 16. Bipartisan. Tax-focused, NOT market structure.
One day after Senate CLARITY cloture died, tax writers kept moving:
• De minimis relief for fees $10 or under
• Wash-sale rules now apply to crypto (no more tax-loss harvesting loopholes)
• Mining/staking = ordinary income treatment
• Voluntary disclosure program for past sins
Why this matters: Tax certainty moves on its own timeline, separate from CLARITY drama. Floor vote unlikely until after midterms since House already left town.
Watch the calendar, not the next candle.
One day after Senate CLARITY cloture died, tax writers kept moving:
• De minimis relief for fees $10 or under
• Wash-sale rules now apply to crypto (no more tax-loss harvesting loopholes)
• Mining/staking = ordinary income treatment
• Voluntary disclosure program for past sins
Why this matters: Tax certainty moves on its own timeline, separate from CLARITY drama. Floor vote unlikely until after midterms since House already left town.
Watch the calendar, not the next candle.
