WASHINGTON, Sept. 16 -- The House Ways & Means Committee Chairman issued the following news release:
WASHINGTON, D.C. - Americans who own, trade, and use cryptocurrencies and other digital assets will have greater tax certainty and fewer tax compliance burdens under bipartisan legislation approved by the Ways and Means Committee. The Digital Asset Tax Certainty Act (H.R. 10357) modernizes the tax code for the digital asset economy by establishing clear rules of the road, streamlining reporting requirements, clarifying the tax treatment of mining and staking, and creating parity with traditional financial assets. It also provides Americans who own or use digital assets a pathway to compliance with tax laws and reporting requirements. The le...