US House crypto tax bill excludes mining/staking reward deferral

The U.S. House Ways and Means Committee is set to consider a 114-page crypto tax package on Wednesday that excludes a provision allowing miners and stakers to defer taxation on newly minted tokens until they are sold. The proposal, part of the broader legislation known as the Digital Asset Tax Certainty Act (H.R. 10357), does not include the reward-timing provision from Representative Mike Carey’s Tax Clarity for Mining and Staking Act, which was introduced in June. Under the proposed amendment, miners and stakers would have chosen between recognizing newly created tokens as income immediately or deferring taxation until disposal, akin to self-generated property. Without this provision, rewards would remain taxable upon receipt or control, potentially before liquidation.