US House committee to mark up crypto tax package without mining, staking rules

  • Ways and Means Committee scheduled Sept. 16 markup of the Digital Asset Tax Certainty Act.
  • Republicans removed H.R. 9175, which addressed taxes on mining and staking rewards.
  • Democratic Rep. Steven Horsford said he supports the latest text and expects bipartisan sign-off.

The U.S. House Ways and Means Committee has scheduled a Sept. 16 markup of the Digital Asset Tax Certainty Act, a 114-page cryptocurrency tax package that includes the FULL HOUSE Act and provisions affecting wash-sale and constructive-sale treatment of crypto assets. Republicans removed H.R. 9175, the Tax Clarity for Mining and Staking Act, leaving unresolved the proposed tax-timing rules for rewards from those activities. Democratic Rep. Steven Horsford told Punchbowl he supports the latest text and expects bipartisan sign-off after raising concerns about mining and staking income. The markup coincides with House Financial Services Committee consideration of the Strategic Bitcoin Reserve bill, while the Senate is preparing a procedural vote on the CLARITY Act.

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