US House Crypto Tax Bill Excludes Mining and Staking Reward Deferral

Source Summary

A 114-page House bill would modify tax treatment of cryptocurrency fees, stablecoins, and lending activities. The legislation does not change the existing timing rules for when mining and staking rewards are taxed.

Why it matters

The bill addresses specific crypto tax issues but leaves unresolved the timing question for mining and staking income, which remains a contentious issue in the crypto industry.