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HR 1628 117th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Capital gains tax Computers and information technology Currency Digital media Employee benefits and pensions Federal Trade Commission (FTC) Federal preemption Financial services and investments Fraud offenses and financial crimes Income tax exclusion Securities State and local government operations Tax administration and collection, taxpayers

Token Taxonomy Act of 2021

Introduced: March 8, 2021 Introduced by: Davidson, Warren Republican · Ohio See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 8, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Token Taxonomy Act of 2021

This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600, retroactive to January 1, 2021.

What's happening now March 8, 2021

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 2 Republican 3
R
Rose, John W.
Tennessee · Aug 13, 2021
 R
Budd, Ted
North Carolina · Mar 8, 2021
 D
Gottheimer, Josh
New Jersey · Mar 8, 2021
 R
Perry, Scott
Pennsylvania · Mar 8, 2021
 D
Soto, Darren
Florida · Mar 8, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1628: Token Taxonomy Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1628/
MLA
"H.R. 1628: Token Taxonomy Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1628/.
Bluebook (legal)
H.R. 1628, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1628/.
Markdown link
[H.R. 1628: Token Taxonomy Act of 2021](https://openamerica.io/bill/117-HR-1628/)
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