U.S. House Set to Review Crypto Tax Bills Amid Debate Over Income Deferral

The U.S. House of Representatives is set to review two cryptocurrency tax bills on September 16, which could change how miners, stakers, and traders calculate federal taxes.

H.R. 9175, known as the Mining and Staking Tax Clarity Act, would offer qualifying miners and stakers an election to defer income until token disposal. This means taxpayers could choose to postpone recognizing income from mining or staking rewards until they sell their tokens, at which point they would be taxed on any gains.

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. This means taxpayers could not use these strategies to avoid taxes on cryptocurrency gains.

The Joint Committee on Taxation estimates that H.R. 9175 would reduce federal revenue by $2.956 billion between fiscal years 2026 and 2036, while H.R. 9172 is expected to raise $2.074 billion over the same period.