The House Ways and Means Committee circulated seven draft bills on June 4, 2026, ahead of a June 9 hearing on crypto tax policy. The drafts address staking, mining, de minimis transactions, and stablecoin transactions, among other issues. This marks a significant procedural step, as the committee hasn't used this format in years. Industry group Crypto Council for Innovation called it an "important first step" and noted the bills form the third leg of crypto legislation, alongside the GENIUS Act and Clarity Act. Provisions include tax treatment for GENIUS-compliant stablecoins, a de minimis exception for network transaction fees, parity for securities lending and mark-to-market, and clear rules for mining and staking rewards. Separately, the FASB Investor Advisory Committee discussed whether stablecoins qualify as cash equivalents but reached no consensus, meeting again in November.

Key facts

• House Ways and Means Committee circulates seven draft crypto tax bills.
• Drafts cover staking, mining, de minimis, and stablecoin transactions.
• Hearing scheduled for June 9, 2026 to discuss the legislation.
• Industry group calls it a key procedural step for crypto tax policy.
• FASB committee discusses stablecoin cash equivalent status, no consensus.