Crypto’s second U.S. lobbying front — tax policy — sees industry push on mining, staking
The crypto sector’s leading U.S. advocacy groups asked the U.S. House’s tax committee to advance a bill to clarify treatment of assets from mining and staking.
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Summary
- Though there’s been some criticism of a U.S. House of Representatives bill that would allow recipients of mined crypto assets or staking rewards to defer their treatment as income, leading crypto groups are asking that the bill be advanced without changes.
- Republican Representative Mike Carey’s bill would give miners the option of putting off the moment new assets are taxable, instead of assuming them as immediate income.
- Tax issues have drawn a lot of recent crypto industry attention even as the final points of the crypto market structure bill are still being debated in the U.S. Senate.

