TL;DR:Â
- A coalition composed of the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber sent a joint letter to the House Ways and Means Committee.
- The tax bill seeks to defer taxation on mining and staking rewards until the assets are sold.Â
- The American Bankers Association opposes the measure, arguing that it shows favoritism toward cryptocurrencies over traditional banking.
A coalition of digital asset advocacy groups formally urged the United States Congress to pass a key tax bill for the sector without modifications. The document, sent over the weekend, seeks to halt any revisions that could delay the implementation of clear rules regarding the tax treatment of mining and staking.
Today, the CEOs of the @Blockchainassn @Crypto_Council and @DigitalChamber sent a letter urging the House Ways and Means Committee to pass @RepMikeCarey’s H.R. 9175, the Tax Clarity for Mining and Staking Act, as introduced.
For years, miners and stakers have faced uncertainty… pic.twitter.com/hOiSkDj5ov
— Blockchain Association (@BlockchainAssn) June 22, 2026
The request was formally addressed to the House Ways and Means Committee Chairman, Jason Smith, and the ranking Democrat, Richard Neal. According to the letter sent by the organizations, the bill H.R. 9175, named the Tax Clarity for Mining and Staking Act, is presented as an essential step to guarantee the country’s competitiveness. Official information indicates that the current tax code does not accurately reflect how validators interact with these digital assets.
The debate on tax deferral in network validation
In early June 2026, the Ways and Means Committee held a legislative hearing to evaluate various proposals linked to the crypto ecosystem. The new regulatory framework proposes deferring the tax burden applicable to mining and staking until the accumulated assets are definitively liquidated. According to the text of the tax bill, an elective process would additionally be established where taxpayers could voluntarily decide whether they prefer to be taxed upon receiving the rewards or when selling them.
Until now, the U.S. tax agency’s regulations mandate reporting rewards based on their market value at the exact moment of their creation. Various analysts point out that this rule creates liquidity problems for local operators, who are forced to sell assets prematurely just to cover their tax obligations.
The proposal remains on the table of the tax-focused committee evaluating it; therefore, there is a probability that regulatory amendments will be introduced. Modifications of this nature are customary in Congress as initiatives advance through the voting process, with certain political objections existing regarding the permitted duration of the deferrals.
On the other side, the American Bankers Association rejected the tax bill. They argue that favoritism toward cryptocurrencies over other traditional assets is evident. Similarly, the banking association warned that this preferential framework could drain deposits from traditional commercial banks.
In response to these claims, the Crypto Council for Innovation publicly rejected this premise, defending the need to protect the competitive balance of the U.S. technology sector.
