US House crypto tax package omits mining, staking reward deferral

The US House Ways and Means Committee is set to review a 114-page crypto tax package that does not include a provision allowing miners and stakers to defer taxation of rewards until they sell their tokens. The Digital Asset Tax Certainty Act, H.R. 10357, which focuses on changing the tax treatment of crypto fees, stablecoins, and lending, omits the reward-timing provision from Representative Mike Carey’s Tax Clarity for Mining and Staking Act.

This provision would have given taxpayers the option to recognize newly created tokens as income when received or treat them like self-created property, paying tax when sold. The package does, however, retain some mining and staking provisions, such as classifying income from blockchain validator activities as ordinary income and allowing qualifying investment trusts to stake digital assets without losing their trust status.

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