H.R. 10357
Digital Asset Tax Certainty Act
Official summary
No official summary yet.
Text of the bill
I Removing tax barriers to the use of digital assets as a medium of exchange
II Providing parity between digital assets and comparable traditional financial assets
III Applying existing tax anti-abuse rules to digital assets
IV Clarifying the tax treatment of mining and staking
V Ensuring that owners and users of digital assets face an appropriate tax compliance burden
VI Definitions; regulations; rules of construction
VII Full House Act
(a) In general. Section 165(d) is amended to read as follows:
(d) Wagering losses. Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions. For purposes of the preceding sentence, the term losses from wagering transactions includes any deduction otherwise allowable under this chapter incurred in carrying on any wagering transaction.
(b) Effective date. The amendment made by this section shall apply to taxable years beginning after December 31, 2025.