U.S. House weighs two crypto tax bills on Sept. 16
The package would set new tax rules for mining, staking and trading, with the Joint Committee on Taxation estimating a $2.074 billion revenue gain.
- On Wednesday, the House Ways and Means Committee plans to review H.R. 9175 and H.R. 9172, two crypto tax bills that could reshape how miners, stakers, and traders calculate federal taxes.
- Representatives Mike Carey and Jodey Arrington introduced the measures on June 8 to address tax code gaps; the Staking Tax Clarity Act creates an optional income-deferral system for mining rewards, while The Applying Existing Tax Anti-Abuse Rules expands wash-sale restrictions to digital assets.
- The Joint Committee on Taxation estimated the Staking Tax Clarity Act would reduce federal revenue by $2.956 billion through 2036, while H.R. 9172 would raise $2.074 billion over the same period.
- Without an official markup notice posted to the committee's public calendar as of Monday, the Wednesday meeting remains provisional until the panel releases a formal agenda or confirms the final bill list.
- Reports suggest Republicans might limit the mining deferral to five years, though no published committee amendment confirms this change; earlier hearings featured witnesses from Fidelity, Coinbase, Coin Center, and the NYU Tax Law Center.
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Cryptocurrency News | Cryptocurrency Prices | Market CapU.S. House weighs two crypto tax bills on Sept. 16
House tax writers may review two crypto bills Sept. 16 covering mining income deferral, wash sales, constructive sales and stablecoins.
The U.S. House of Representatives will discuss a tax package for digital assets that provides for an exemption for certain fees below $10 and extends the rules of laundry sales to cryptocurrencies. The latest version, however, withdrew the tax deferral for mining and stacking rewards, a decision that could facilitate bipartisan support for the project.
US House Crypto Tax Package Leaves Out Mining, Staking Reward Deferrals
The US House Ways and Means Committee is set to consider a broad 114-page package aimed at clarifying parts of the US federal crypto tax regime, but it will do so without a key provision that would have allowed some miners and stakers to delay taxation on rewards until the tokens are sold. The move highlights how difficult it remains to balance tighter tax certainty with practical concerns around crypto liquidity. According to the committee’s pu…
US Crypto Tax Bill Leaves Out Mining, Staking Deferral - Invest In Crypto News
The US House Ways and Means Committee will consider a 114-page crypto tax package on Wednesday that leaves out a provision that would have allowed miners and stakers to defer taxation of rewards until the tokens are sold. The Digital Asset Tax Certainty Act, H.R. 10357, was published alongside the committee’s markup notice on Monday. […]
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