House Tax Panel Schedules September 16 Review Of Crypto Broker Rules

The U.S. House Ways and Means Committee has scheduled a review of cryptocurrency tax rules for September 16, according to the committee's official calendar. The announcement marks a formal step by the tax-writing panel to examine how digital assets are treated under the Internal Revenue Code. The committee has not yet released a detailed agenda or witness list for the session.

The specific cryptocurrency tax rules that will be examined have not been formally enumerated by the committee. However, the review is expected to cover broker reporting requirements established under the Infrastructure Investment and Jobs Act of 2021, which expanded Form 1099-DA reporting obligations for cryptocurrency exchanges and other digital asset intermediaries.

The September 16 review comes amid a broader legislative push to clarify digital asset taxation. In the current Congress, several bills have been introduced that would reform how cryptocurrencies are taxed, including a de minimis exemption for personal transactions involving digital assets and a proposal to delay or modify broker reporting requirements scheduled to take effect for the 2025 tax year.

While the committee has not announced witnesses, typical hearings on digital asset taxation have featured testimony from industry representatives, tax policy experts, and government officials from the IRS and Treasury Department. Industry trade groups, including the Blockchain Association and the Digital Chamber, have publicly advocated for legislative clarity and are likely to seek opportunities to provide input.