US House crypto tax package omits mining, staking reward deferral
The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged.
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. The package does not include the reward-timing provision contained in Representative Mike Carey’s Tax Clarity for Mining and Staking Act, introduced in June.
The package comes just as the Senate is considering whether to advance the CLARITY Act, which would determine how the US Securities and Exchange Commission and Commodity Futures Trading Commission divide oversight of the US crypto market.