US House Proposes Digital Asset Tax Bill, Excluding Mining and Staking Tax Deferral

The US House has moved forward with a major tax reform package covering digital asset transaction fees, stablecoins, lending, and wash sales. However, a proposed measure to defer income tax on tokens earned through mining and staking until they are sold was omitted from the final bill.

The House Ways and Means Committee will review the 114-page 'Digital Asset Tax Certainty Act' (H.R. 10357) on Thursday, local time.