Rep. Yakym Introduces Legislation to Cut Red Tape for Digital Asset Owners legislation to reduce the administrative burden on Americans who use digital assets by streamlining federal tax reporting requirements.
Introduce legislation to reduce the administrative burden on digital asset owners by streamlining federal tax reporting requirements.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 9178, the Less Tax Paperwork for Digital Asset Owners Act, as introduced in the House on June 8, 2026. The action says Mr. Yakym introduced the bill and it was referred to the Committee on Ways and Means. The full title states it would amend the Internal Revenue Code to reduce certain tax compliance burdens with respect to digital asset ownership.
legacy_unverified · Source version not recorded · locator unknown
Yakym's office announced that Rep. Rudy Yakym introduced the Less Tax Paperwork for Digital Asset Owners Act, H.R. 9178, describing it as legislation to reduce the administrative burden on Americans who use digital assets by streamlining federal tax reporting requirements. The release says the bill would exclude some network-fee and regulated stablecoin gains or losses and create a simplified accounting election.
Assessments
The promise was to introduce legislation reducing administrative burdens on digital asset owners by streamlining federal tax reporting. The evidence shows Rep. Rudy Yakym introduced H.R. 9178, the Less Tax Paperwork for Digital Asset Owners Act, on June 8, 2026, during his current House term, and the bill title and member-office description directly match the promised action.