US House Committee Tackles Crypto Taxation with September Markup

The US House Ways and Means Committee has scheduled a September 16 markup to consider two bills related to digital asset tax legislation. The Tax Clarity for Mining and Staking Act (H.R. 9175) would allow miners and stakers to defer recognizing income on newly created tokens until those tokens are sold, shifting the taxable event from creation to disposition.

The second bill, the Applying Existing Tax Anti-Abuse Rules to Digital Assets Act (H.R. 9172), aims to extend wash-sale and constructive-sale rules to actively traded digital assets. This could potentially generate $23.5 billion in revenue over a decade as crypto traders would no longer be able to exploit the current loophole of harvesting tax losses on assets like Bitcoin or Ethereum.

The markup follows a June 9, 2026 hearing where industry voices stressed the need for clear tax rules for digital assets to maintain the US's competitive edge. However, Democrats have called for additional analysis before moving forward, arguing that the implications of these changes need more study.