H.R. 10357: The Digital Asset Tax Certainty Act History, key provisions, and what happens next for the first federal crypto tax framework Research brief • September 16, 2026 Overview H.R. 10357, the Digital Asset Tax Certainty Act, is a 114-page bill that would write cryptocurrency directly into the Internal Revenue Code for the first time. Its core idea is simple: tax digital assets more like stocks and other financial assets, while carving out relief for everyday small transactions. On September 16, 2026, the House Ways and Means Committee approved it by a lopsided, bipartisan 38-5 vote, sending it to the full House. History The bill is the product of more than a year of work inside Ways and Means. Chairman Jason Smith (R-Mo.) held a June 2026 hearing on crypto taxation, where lawmakers debated several separate drafts covering stablecoin payments, DeFi lending, charitable donations, mining, staking and anti-abuse rules. Those pieces were later folded into one package. Smith introduced H.R. 10357 on September 14 with eight cosponsors, including Reps. Steven Horsford (D-Nev.) and Max Miller (R-Ohio), whose bipartisan work shaped much of the text. The committee posted the bill text on the 14th and marked it up two days later, adopting a substitute amendment that locks in September 14, 2026 as the effective reference date for several provisions. Notably, the vote came one day after the separate CLARITY Act market-structure bill failed a procedural vote in the Senate. Key Provisions • $10 de minimis rule: No gain or loss is recognized on qualifying crypto network or transaction fees of $10 or less. Heavy users with more than 5,000 transfers in the prior year would not qualify. • Simplified accounting: Eligible taxpayers could calculate gains and losses on widely traded assets annually instead of per transaction. This and the fee rule would begin in 2028. • Stablecoins: Qualifying dollar-pegged stablecoins bought within a 99.5% to 100.5% band use redemption value as their tax basis, which effectively eliminates tiny gain/loss calculations. • Wash-sale rules: Losses on crypto (other than qualified stablecoins) sold after September 14 are disallowed if the same or a near-identical asset is bought within 30 days before or after. JCT estimates this alone raises about $1.7 billion over ten years. • Mining and staking: Rewards stay taxed as ordinary income. The industry-sought deferral (taxing new tokens only when sold, from H.R. 9175) was left out. Trusts may stake assets without losing trust status. • Lending, reporting, disclosure: Qualified crypto loans are not treated as sales, broker reporting rules expand, and Treasury must open a voluntary disclosure program within 12 months so taxpayers can amend past returns. • Gambling losses: The bill also restores the full 100% deduction of wagering losses, reversing the 90% cap set in last year’s One Big Beautiful Bill Act. Predictions The House leaves for the midterm recess this week, so a floor vote is unlikely before November. Industry groups expect action in the lame-duck session. Given the 38-5 committee margin and popular riders like the gambling-loss fix, House passage looks likely. The Senate is the real obstacle: the CLARITY Act stall shows how hard crypto legislation is there, and a standalone tax bill may need to ride on a year-end tax or spending package. Expect renewed pressure from miners and stakers to restore deferral before any final deal. Our assessment: House passage by year-end is probable; enactment in 2026 is roughly a coin flip, with 2027 more realistic. The Honest Ledger The strongest counterpoint: this bill is not purely pro-crypto. Extending wash-sale rules closes a tax-loss harvesting strategy active traders rely on, the $10 exemption is small and excludes high-volume users, and stakers lost the deferral they fought for. For many active holders, the net effect may be a higher tax bill, not a lower one. Ai generated. DYOR. Not financial advice. About Red Rio Ventures Red Rio Ventures, LLC is a Texas-based digital media and research company. This report is for informational and educational purposes only and does not constitute financial, legal, or tax advice. Bill details are drawn from public reporting as of September 16, 2026 and may change as the legislation moves forward. Consult a qualified professional before making decisions. ©️ Copyright 2026 Red Rio Ventures, LLC. All rights reserved globally.