House Committee Set to Review Crypto Tax Bills on September 16

The U.S. House Ways and Means Committee is set to review two crypto tax bills on September 16, which could change how U.S. miners, stakers, and traders calculate federal taxes.

H.R. 9175, the Mining and Staking Tax Clarity Act, would allow qualifying miners and stakers to defer income until token disposal, with a default rule treating tokens as ordinary income at acquisition. Eligible taxpayers could elect to postpone recognition for qualifying tokens received during the elected tax year.

Another bill, H.R. 9172, the Applying Existing Tax Anti-Abuse Rules to Digital Assets Act, would extend wash-sale and constructive-sale restrictions to covered digital assets and related contracts. The Treasury Department would receive regulatory authority covering contracts and other arrangements linked to specified assets.