Crypto Bill News: US Lawmakers Review 6 New Digital Asset Tax Bills

Crypto Bill News: 6 Tax Review, What Congress Is Trying to Fix?

US lawmakers made a big move on June 9, 2026. The Ways and Means Committee unveiled six standalone drafts targeting digital asset taxation. This is some of the most significant crypto bill news to come out of Washington this year.

Source: X Post 

The goal? Create clarity, fairness, and simpler rules for owners and businesses. Eleanor Terrett first reported the development ahead of a 2pm ET hearing.

Four expert witnesses testified. They came from Fidelity, Coinbase, Coin Center, and NYU Law's Tax Law Center.

6 Crypto Bills: What Congress Is Trying to Fix

Here's what each article proposes for tax:

1 – Charitable Donations: Let you deduct gifts to charities, just like cash donations.

2 – Mining and Staking Tax Clarity: Define when miners and stakers owe on earned tokens.

3 – Less Paperwork: Cut down reporting requirements for everyday users.

4 – Parity Rules: Give digital assets the same treatment as traditional financial assets.

5 – Voluntary Disclosure: Let holders report past issues without harsh penalties.

6 – Anti-Abuse Rules: Apply existing laws to stop digital asset loopholes.

A separate discussion draft also targets offshore shelters.

Why Are Democrats Pushing Back?

Not everyone agrees. House Democrats raised concerns about 2nd draft. Their worry: mining companies could use deferred taxation to avoid paying taxes altogether.

That's a real sticking point. Bipartisan agreement still seems far off, according to the hearing discussion.

What About the CLARITY Act?

This cryptocurrency congress conversation doesn't stop at taxes. The White House is targeting July 4, 2026, as a milestone for the Act.

The CLARITY Act aims to set broader regulations across the US market. If passed, it could open doors for more institutional investors — think large banks and funds — entering crypto.

CLARITY Act news has been building for months. Lawmakers see it as a companion to these drafts.

Expert Opinion: Lawrence Zlatkin of Coinbase and Jason Somensatto of Coin Center both testified at the hearing. Their presence signals that industry voices are actively shaping these proposals. The inclusion of a voluntary disclosure draft is particularly notable — it suggests lawmakers want compliance, not just punishment. Sarah Reilly of Fidelity's participation reflects growing institutional interest in regulatory clarity. Mike Kaercher's role from NYU Law's Tax Law Center adds academic rigor to the debate.

Conclusion

This wave of crypto bill news shows Washington is serious about regulating digital assets. Six drafts, one offshore draft, and the CLARITY Act in the pipeline — change is coming. Whether you hold Bitcoin or run a mining operation, these rules could affect your taxes directly. Watch the Ways and Means Committee closely in the coming weeks.

YMYL Disclaimer: This content is for informational purposes only. It does not constitute financial, legal, or advice. Cryptocurrency regulations and aws are subject to change. Always consult a qualified financial advisor or tax professional before making any decisions related to digital assets.