U.S. Lawmakers Target August 2026 for Crypto Tax Bill Passage

Congress is accelerating efforts to reform cryptocurrency taxation, with Rep. Max Miller (R-OH) projecting a legislative breakthrough before the August 2026 recess. The House Ways and Means Committee member revealed draft language is already circulating among colleagues during Tuesday's Blockchain Association policy summit, signaling the most substantive progress since the IRS first classified digital assets as property in 2014.

The proposed overhaul seeks to simplify the current system where every transaction triggers taxable events—a framework that has drawn criticism for creating compliance burdens. Miller and Rep. Steven Horsford (D-NV) are collaborating on measures to streamline reporting requirements and provide clearer guidelines for taxpayers navigating the digital asset landscape.

Legislative momentum was delayed by the 43-day government shutdown earlier this fall, which erased nearly two months of productive session time. The bipartisan effort now aims to address a regulatory gap that has persisted through multiple market cycles, with implications for everything from Bitcoin ETFs to decentralized finance protocols.