Crypto Tax Bill Advances Through House Committee After Clarity Act Setback

A cryptocurrency tax bill has cleared a House committee following a setback for the Clarity Act, according to Decrypt. The proposed legislation would change how certain crypto transactions are treated for tax purposes. It would exclude qualifying crypto fees from gain-or-loss calculations, potentially removing those fees from the basis used to determine taxable results. The bill would also limit tax-loss deductions when tokens are sold and then repurchased quickly. The source material does not provide details on the committee vote, the next legislative step, or the timing of any further action. The development is relevant to digital-asset market participants because it could affect the tax treatment of transaction fees and rapid repurchases if enacted. The proposal remains legislation and is not described as current tax law. Decrypt reported the committee action on September 16, 2026.