2 days ago
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Key Takeaways
- The committee approved H.R. 10357 by 38 – 5.
- Relief covers qualifying fees of $10 or less.
- Underlying transactions can still generate taxable gains.
- Some professional and high-volume activity is excluded.
- Fee relief would begin in 2028.
A 38 – 5 vote sends the bill to the full House
The House Ways and Means Committee approved H.R. 10357 by a vote of 38–5, with five Democrats voting against it, according to Bloomberg Government. The vote allows the legislation to move to the full House, although House leaders have not announced when it will receive a floor vote.
The vote came one day after the Senate failed to advance the broader Digital Asset Market CLARITY Act. Although the measures address different parts of crypto policy, their contrasting outcomes suggest that n...
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