Crypto Tax Bill Loses Industry Support Over Staking and Mining Rewards

The latest version of the House Ways and Means Committee's crypto tax legislation has lost support from parts of the industry, specifically those involved in staking and mining rewards.

This issue was previously the biggest sticking point for bipartisan buy-in. The committee may have gained support from some Democrats, but the current bill is no longer backed by factions within the crypto world.

The tax package's treatment of staking and mining rewards has been a major point of contention. Some in the industry are upset with how these activities are being handled under the new legislation.