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jdsupra.com: https://www.jdsupra.com/legalnews/capitol-hill-s-next-crypto-debate-tax-4794656/

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Subject
L000571
Source
GDELT news · original
Published
Friday, May 22, 2026

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--> Capitol Hill’s Next Crypto Debate: Tax Policy | Akin Gump Strauss Hauer & Feld LLP - JDSupra Menu News & Insights Popular Labor & Employment Finance & Banking Intellectual Property Health & Healthcare Environmental Issues more… Business Insurance Commercial Real Estate Corporate Taxes Immigration Securities more… Personal Residential Real Estate Estate Planning Civil Rights Personal Taxes Bankruptcy more… Jump to: Latest Updates » Trending [ 7 ] [Survey] What do GC want from law firm guidance? Your input matters... [Hot Topic] Artificial Intelligence [Hot Topic] Employer Liability Issues Latest IMMIGRATION News & Updates Stay Informed: Popular Reads on JD Supra Meet JD Supra's Top Authors! Build a Morning News Digest: Easy, Custom Content, Free! Browse All La

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--> Capitol Hill’s Next Crypto Debate: Tax Policy | Akin Gump Strauss Hauer & Feld LLP - JDSupra Menu News & Insights Popular Labor & Employment Finance & Banking Intellectual Property Health & Healthcare Environmental Issues more… Business Insurance Commercial Real Estate Corporate Taxes Immigration Securities more… Personal Residential Real Estate Estate Planning Civil Rights Personal Taxes Bankruptcy more… Jump to: Latest Updates » Trending [ 7 ] [Survey] What do GC want from law firm guidance? Your input matters... [Hot Topic] Artificial Intelligence [Hot Topic] Employer Liability Issues Latest IMMIGRATION News & Updates Stay Informed: Popular Reads on JD Supra Meet JD Supra's Top Authors! Build a Morning News Digest: Easy, Custom Content, Free! Browse All Law News Topics » Find Author By Business Matters Labor & Employment Finance & Banking Intellectual Property Insurance Taxes See All Subjects » --> By Personal Issues Civil Rights Family Matters Personal Injury Wills, Trusts, & Estate Planning Worker’s Compensation See All Subjects » --> By Location California New York Texas Canada United Kingdom See All Locations » --> Subscribe Custom Email Digests Build a custom email digest by following topics, people, and firms published on JD Supra. X (formerly Twitter) RSS Feeds for Publishers For Reporters My Account Log In May 22, 2026 Capitol Hill’s Next Crypto Debate: Tax Policy Kevin Brady , Jeffrey McMillen , Lauren Rubin , Zachary Rudisill Akin Gump Strauss Hauer & Feld LLP + Follow x Following x Following - Unfollow Contact LinkedIn Facebook X Send Embed To embed, copy and paste the code into your website or blog: While much of the policy debate about cryptocurrency on Capitol Hill has been centered around market structure, members of the tax writing committees have also been working on proposals to update the Internal Revenue Code to give taxpayers greater clarity around the tax treatment of digital assets, and may be prepared to advance a tax package with or without accompanying market structure legislation. On May 19, 2026, House Ways & Means Committee members Rep. Max Miller (OH-07) and Rep. Steven Horsford (NV-04) along with Reps. Carey (OH-15) and DelBene (WA-01) formally introduced legislation ( The Digital Asset PARITY Act ) that would address the taxation of digital assets in a comprehensive manner. The bill represents the culmination of a lengthy process of incorporating feedback on several public discussion drafts going back to 2025. The introduced version covers wash sales, charitable contributions, digital asset lending, and newly created digital assets. Significantly, it takes a novel approach to so-called “de minimis” transactions with regulated payment stablecoins, adopting a deemed basis rule rather than the exemption approach that has generally been proposed to date, accompanied by a US Treasury study to assess the administrability and effectiveness of a de

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