“US House Crypto Tax Bill Excludes Mining and Staking Reward Deferral Amid Broader Regulato” — what this page in the network covers. The newly introduced $1.2 trillion fiscal framework, detailed in a 114-page bill from the US House Committee on Ways and Means, proposes sweeping changes t... The newly introduced $1.2 trillion fiscal framework, detailed in a 114-page bill from the US House Committee on Ways and Means, proposes sweeping changes to cryptocurrency taxation—redefining how crypto fees, stablecoins, and lending activities are taxed. However, the legislation notably omits proposed deferral of tax on mining and staking rewards, a move that has drawn criticism from blockchain industry advocates.
Cynthia Lummis (R-WY), who have long championed crypto-friendly policies, expressed disappointment, arguing that delayed taxation could incentivize long-term investment and innovation in decentralized networks. Under the new provisions, crypto transaction fees will now be treated as ordinary income upon receipt, while stablecoin redemption and lending platform payouts face stricter reporting requirements. The full version stays on the original page, which this listing opens directly.