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The U.S. House Ways and Means Committee approved the Digital Asset Tax Clarification Act, H.R.10357, in a 38-5 vote and sent it to the full House, CoinDesk reported.
The bill would ease tax reporting burdens for everyday small-value payments made with cryptocurrencies and set clearer tax standards for digital asset income recognition, asset transfers, wash sales, mining and staking, and brokers. It also includes a $10 de minimis tax exemption for small transactions.