US House tax committee to review crypto tax bills

• —Bill H.R.9175 would allow deferring tax on mined and staking tokens until they are sold
• —The deferral is limited to 5 years, and income would be treated as ordinary income, not capital gains
• —H.R.9172 would extend the wash sale rule to crypto, closing the loss loophole
• —Mining, staking, and US dollar stablecoins would not be covered by the new rules