US Crypto Tax Bills Face Key Vote as Deferral in Doubt

The U.S. House Ways and Means Committee is set to review two bills on September 16 that would change how miners and stakers recognize income from newly created crypto tokens.

According to Punchbowl News, Republicans on the committee are considering changes to the proposed tax deferral for mining and staking rewards, which could be removed entirely or limited to a five-year period.

The proposals address two major issues in crypto taxation: when miners and stakers should pay taxes on newly created tokens and whether existing wash-sale rules should apply to digital assets.