# 119-hr-9178: Less Tax Paperwork for Digital Asset Owners Act

119-hr-9178, Less Tax Paperwork for Digital Asset Owners Act, is a 119th Congress bill sponsored by Rep. Yakym, Rudy [R-IN-2] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-09-25).

- Canonical: https://policyrisk.com/legislation/119-hr-9178
- As of: 2026-09-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9178
- Congress: 119
- Title: Less Tax Paperwork for Digital Asset Owners Act
- Status: introduced
- Introduced: 2026-06-08
- Sponsor: Rep. Yakym, Rudy [R-IN-2] (R-IN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-25

## Summary

**Simplifies tax paperwork for many digital asset owners** by carving out tiny on‑chain fee transactions, offering an optional simplified accounting route for widely traded tokens, and setting clearer stablecoin basis and broker reporting rules. - Owners who pay small validation fees on-chain would not recognize gain or loss when the total validation fees paid for a transaction stay at or below $10. Traders, brokers, high-volume actors and those with more than 5,000 transactions are excluded, and the rule would apply to dispositions after December 31, 2027. - Holders of widely traded tokens could elect a simplified annual accounting method that treats gains and losses as short-term. The bill defines "widely traded" with rules including a $500 million market cap test and a 10% ownership cap, and elections generally continue year to year. - Stablecoin users and platforms would get clearer basis rules for qualified U.S. dollar stablecoins, with acquisition basis tied to a redemption value subject to 99.5% and 100.5% limits. Brokers get narrower reporting duties for de minimis fee payments and for taxpayers using the simplified accounting election. Effective dates vary by provision, starting in 2026 and 2027.

## Provisions PRIA read

- Stablecoin valuation set to redemption: benefit, medium. If enacted, the bill would treat the acquisition value and most exchange values of a qualified U.S. dollar stablecoin as the issuer's redemption value. For most taxpayers, acquisition value would be limited to at least 99.5% of redemption value and sale value to no more than 100.5% of redemption va…
- Small crypto fee tax exclusion: benefit, low. If enacted, small on-chain network or validation fees paid in a digital asset would not trigger taxable gain or loss when the aggregate validation fee does not exceed $10. Paying a fee in crypto would still be treated as a disposition for value purposes, but recognized gain would be reduced by the…
- New crypto and stablecoin definitions: mixed, medium. If enacted, the bill would add clear tax definitions for digital assets and for "qualified U.S. dollar stablecoins." A "widely traded" asset would generally need exchange quotes for the year, market capitalization over $500,000,000 for most of that year, and no more than 10% owned by you or related…
- Optional simple accounting for crypto: mixed, medium. If enacted, taxpayers could elect a simplified, type-based annual accounting method for a designated widely traded digital asset. Under the election, gains and losses for that asset type would be computed on an annual aggregated basis and treated as short-term. The election would start the taxable…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-2570: Maximum Pressure Act
- 119-hr-7705: Tribal Tax and Investment Reform Act of 2026
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-9178 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9178)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-7705: Tribal Tax and Investment Reform Act of 2026](https://policyrisk.com/legislation/119-hr-7705)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9178 (as of 2026-09-25).