House Crypto Tax Bill Opts Against Delaying Mining Staking Rewards Taxes

The US House Ways and Means Committee is set to consider a crypto tax package on Wednesday. The 114-page bill, H.R. 10357 - the Digital Asset Tax Certainty Act, aims to bring structure to digital-asset taxation. Despite retaining provisions affecting mining and staking, the bill omits a key feature that would have delayed taxes on new rewards until tokens are sold for cash.

Miners and stakers argue that taxing rewards as soon as they're received may create liquidity problems. The committee's markup process did not begin with H.R. 10357 alone; earlier in June, Ways and Means circulated seven crypto tax drafts ahead of a digital asset taxation hearing.

The bill targets multiple areas of digital-asset taxation, including the treatment of network/transaction fee payments (up to $10) and special rules for certain stablecoins. It also proposes extending wash-sale and constructive-sale style rules to crypto and creating a voluntary disclosure pathway for taxpayers seeking to remedy past digital-asset tax issues.