The House Ways and Means Committee plans to markup a cryptocurrency tax bill in September, representing the first significant crypto tax reform in years. The legislation includes H.R. 9178, which aims to reduce paperwork requirements for small digital asset transactions, and H.R. 9175, which would allow deferral of taxes on mining and staking rewards. Chairman Jason Smith frames the effort around US competitiveness, arguing that clear rules are needed for digital assets. Industry groups support advancing key provisions related to mining and staking without changes. The measures would bring tax treatment of crypto closer to parity with traditional financial instruments.
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