Crypto Tax Bill Uncertainty Casts Shadow on Industry Growth

Key Summary

A survey of Hill aides by Punchbowl News found that only 10% believe a crypto tax bill will pass before December 31, 2026. This pessimistic outlook stems from the crowded legislative calendar and the skepticism of prominent crypto supporters, including Sen. Cynthia Lummis. Despite the House Ways and Means Committee's approval of the Digital Asset Tax Certainty Act, H.R. 10357, by a 38-5 vote, the Senate's prospects are uncertain. The bill includes provisions on stablecoins and wash-sale rules, which could be revisited once new lawmakers are seated. The delay may affect small, everyday crypto use, particularly routine transactions below a $10 fee threshold.