Leading U.S. crypto advocacy groups have asked the House Ways and Means Committee to advance the Tax Clarity for Mining and Staking Act without changes. The bill, introduced by Republican Representative Mike Carey, would allow miners and staking reward recipients to defer tax obligations on new digital assets. An industry letter sent Sunday highlighted the need for clearer tax treatment.
The Blockchain Association, the Digital Chamber and the Crypto Council for Innovation joined in the letter addressed to the committee's Republican chairman and senior Democrat. Summer Mersinger, CEO of the Blockchain Association, stated that the tax code should not force Americans who help secure decentralized networks to sell assets before they can reasonably monetize them.
The legislation would give recipients the option to recognize income either when assets are first obtained or when they are sold. A June 9 committee hearing discussed the measure along with other crypto tax proposals.
Democrats on the panel have raised concerns about potential use by mining firms. The industry letter responded that the bill does not provide unlimited deferral.
House bills remain at an early stage while the congressional session nears its final months. Industry attention also remains on the separate Digital Asset Market Clarity Act under debate in the Senate.
