The U.S. House tax committee advanced a crypto tax bill after the Clarity Act failed a key Senate vote, giving lawmakers a potential legislative foothold despite limited time remaining in the congressional session. Congress has roughly five weeks of scheduled work between the November elections and the start of the next session in January. The bill sets a $10 threshold for small digital-asset transactions and provides specific tax treatment for qualifying dollar stablecoins, as well as small network and transaction fees. Committee Chairman Jason Smith said the measure would prevent everyday purchases such as a cup of coffee from triggering excessive compliance requirements. Representative Steven Horsford said the package establishes basic tax rules for digital assets.