MarketPR
A coalition of three cryptocurrency lobbying organizations is calling on Congress to advance a bill that would defer taxation of staking and mining rewards until the point of sale, urging lawmakers to pass the legislation without further amendments.
The groups argue the measure, as written, provides the regulatory clarity the industry needs and should not be reopened for revision.
What the Bill Would Do Under the proposed legislation, miners and stakers would not owe tax when they receive newly issued tokens as rewards — the taxable event would trigger only when those assets are eventually sold.
That structure contrasts with a potential interpretation of existing law that could treat receipt of rewards as ordinary income immediately, a position that has generated legal uncertainty across the industry.
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