Rep. Max Miller Proposes Crypto Tax Overhaul Bill

Rep. Max Miller, a freshman Congressman, unveiled a new crypto tax bill proposal during a House committee hearing on July 16, 2025, in Washington, D.C. The bill seeks to modernize tax codes for digital assets.

The bill offers a streamlined tax framework for digital assets, potentially impacting stablecoin transactions significantly.

The proposed crypto tax bill by Rep. Max Miller aims to align tax codes with digital innovations. It introduces de minimis rules and tax clarity for various crypto activities. The legislation encompasses changes regarding mining, staking, and transactions.

Rep. Max Miller, leading the effort, emphasizes the necessity of adapting U.S. tax structures. As he stated, “We need a tax code that keeps up with innovation and not one that chases it overseas,” adding that policy changes were necessary to “provide a long overdue clarity for consumers, innovators and investors alike.”

The bill is a comprehensive attempt to address existing tax ambiguities for crypto assets, including retirement plans and airdrops.

The proposal could affect how companies and individuals engage with digital currencies, potentially encouraging a more transparent financial environment. It reflects growing governmental interest in formalizing the cryptocurrency industry.

Financially, the bill could lower barriers for minor transactions and align tax regulations with technological advances. Politically, it represents a bipartisan effort amid Congressional discussions over digital asset governance.

Existing frameworks like those proposed by Sen. Cynthia Lummis provide a backdrop, highlighting the evolution of crypto regulations towards standardization. This bill could set precedents for future crypto-related tax legislation, potentially stimulating innovation.