Regulation· ★★★★· neutral· September 14, 05:14

US House tax committee to review bill on mining and staking taxation

—H.R. 9175 was introduced by Mike Carey on June 8 and referred to the tax committee
—The bill offers a choice: pay tax upon receipt or upon sale of the asset
—Democrat Horsford proposed limiting the deferral to five years
—Industry associations are calling for the bill to be passed without amendments

Why it matters: Passing the bill would reduce the tax burden on miners and stakers by deferring tax payment until the asset is sold.