House Crypto Tax Package Opts Out of Reward Deferral Provision

The US House Ways and Means Committee has published a 114-page crypto tax package that excludes a provision allowing miners and stakers to defer taxation of rewards until the tokens are sold.

The Digital Asset Tax Certainty Act, H.R. 10357, was released alongside the committee's markup notice on Monday.

Representative Mike Carey's Tax Clarity for Mining and Staking Act, introduced in June, contained a provision that would have allowed taxpayers to choose between recognizing newly created tokens as income when received or treating them similarly to self-created property and paying tax when sold.

The exclusion of this provision means mining and staking rewards will remain taxable when received or brought under the recipient's control, potentially before they are sold for cash.