US House Crypto Tax Package Leaves Out Mining, Staking Reward Deferrals

The US House Ways and Means Committee is set to consider a broad 114-page package aimed at clarifying parts of the US federal crypto tax regime, but it will do so without a key provision that would have allowed some miners and stakers to delay taxation on rewards until the tokens are sold. The move highlights how difficult it remains to balance tighter tax certainty with practical concerns around crypto liquidity. According to the committee’s published markup materials posted Monday, the bill—H.R. 10357, the Digital Asset Tax Certainty Act—will be reviewed by the committee on Wednesday. The package leaves out language from Representative Mike Carey’s earlier proposal that focused specifically on how and when staking and mining rewards should be taxed. Key takeaways The House crypto tax package H.R. 10357 will be marked up without a reward-deferral option for miners and stakers that Carey’s separate bill proposed. Under the approach in H.R. 10357, mining and staking rewards would generally remain taxable when received or when brought under the recipient’s control—potentially before any sale for cash. The bill still targets several other areas, including treatment of crypto fees, stablecoins, wash-sale rules, and simplified accounting for widely traded digital assets. The House’s progress comes as the Senate weighs the CLARITY Act, which would help define how the SEC and CFTC divide oversight responsibilities in the US market. Reward timing provision removed from the House markup Carey’s proposal—known as the Tax Clarity for Mining and Staking Act and introduced in June—contained a mechanism intended to reduce potential “tax-before-cash” problems for participants. As described in earlier coverage from Cointelegraph, the concept would have allowed taxpayers to choose between recognizing newly created tokens as income when received, or treating them in a way akin to self-created property and paying tax later when the tokens are sold. Monday’s publication of the markup notice for H.R. 10357 confirms that this reward-timing option is not included in the committee’s current draft. Instead, the article’s summary notes that mining and staking rewards would likely remain taxable at receipt or at the point they enter the recipient’s control, even if the participant has not yet converted rewards into dollars. For miners and stakers, that distinction matters because crypto rewards can be volatile, and participants may have operational reasons to hold tokens rather than immediately sell. Without deferral, the tax obligation can arise at a time when the taxpayer has not generated cash to pay it. What H.R. 10357 does include: fees, stablecoins, and trading rules While the reward-deferral language is absent, the committee’s package retains multiple provisions aimed at bringing additional structure to how digital assets are treated for tax purposes.