Crypto trade groups push Congress to pass mining and staking tax deferral bill

Three major U.S. crypto trade groups jointly urged Congress to pass H.R. 9175, which would let miners and stakers defer taxes on rewards until they sell, rather than paying tax on receipt of illiquid assets.

• Blockchain Association, Crypto Council for Innovation, and Digital Chamber sent a joint letter to the House Ways and Means Committee on June 21
• H.R. 9175 would let miners and stakers treat rewards as self-created property, deferring tax until sale
• Current IRS rules tax mined and staked coins as income at the moment of receipt, creating cash-flow problems
• The bill has a narrow legislative window before August recess and Senator Lummis departs in January 2027
• House held its first digital asset tax hearing in years on June 9, with six crypto tax bills under consideration

Coinporta summarises news for fast scanning. Full reporting belongs to the source.