House Crypto Tax Bill Omits Key Provision for Miners and Stakers

A US House crypto tax bill, called the Digital Asset Tax Certainty Act (H.R. 10357), has been published by the Ways and Means Committee ahead of a markup scheduled for Wednesday.

The 114-page bill does not include a key provision sought by crypto miners and stakers, which would have delayed taxes on newly created tokens until they are sold.

This means that mining and staking rewards will generally remain taxable once recipients receive or control them, potentially creating tax obligations before the tokens are converted into cash.

The bill retains several measures affecting mining, staking, and other digital asset activity, including classifying income earned from blockchain validation as ordinary income and establishing rules for determining whether that income is sourced within or outside the United States.