Congress wants to make crypto easier to use and still collect $500 million more in taxes

A House crypto tax overhaul would raise an estimated $500 million while easing taxes on stablecoin payments and small fees.The House Ways and Means Committee is scheduled to consider H.R. 10357, the Digital Asset Tax Certainty Act, on Sept. 16, putting a broad rewrite of digital-asset taxation before lawmakers after months of negotiations over how closely crypto should be treated like traditional financial assets.The Joint Committee on Taxation estimates the legislation would increase federal receipts by about $500 million net from fiscal 2027 through 2036, after accounting for provisions that both raise and reduce government revenue.The package includes rules covering stablecoins, transaction fees, trading losses, digital-asset lending, staking and past tax violations.That fiscal outcome reflects the bill's central trade-off. Lawmakers would remove some tax friction that makes routine crypto activity cumbersome while extending securities-style rules to traders that could generate billions of dollars in additional receipts.Speaking on the legislation, Andrew Gordon, a crypto tax lawyer, said:“This is a massive step forward for crypto investors who simply want rules on tax. We all p...