The Blockchain Association, the Crypto Council for Innovation, and the Digital Chamber have jointly urged Congress to enact H.R. 9175, known as the Tax Clarity for Mining and Staking Act, to grant miners and stakers the option to postpone tax liability on newly generated crypto tokens until those assets are sold.
Legislative Framework
Representative Mike Carey introduced the proposal, which creates a selectable tax‑deferral mechanism for digital assets earned through mining or staking. Under existing IRS guidance, recipients must count rewards as ordinary income at the moment of receipt, but the bill preserves this rule only as the default pathway.
Taxpayers who elect the deferral option would exclude freshly minted tokens from their gross income, deferring recognition until they dispose of the assets. This approach mirrors the treatment of capital assets, allowing gains to be realized when Bitcoin, Ethereum, or other crypto holdings are sold.
Potential Market Impact
Supporters