House Sets Sept. 16 Markup for Crypto Tax Bills

The US House Ways and Means Committee scheduled a September 16 markup for digital asset tax legislation. This move advances two key bills regarding miner income and wash-sale rules.
The US House Ways and Means Committee scheduled a September 16 markup for digital asset tax legislation. This session advances two specific bills to the full House floor. The agenda focuses on tax timing for miners and stakers. It also addresses wash-sale rules for digital assets.
Miners defer tax until sale
H.R. 9175 allows miners and stakers to delay tax recognition. Under current rules, taxes apply when tokens are received. The new bill shifts the taxable event to the point of sale. Income is then treated as ordinary income upon disposition.
Wash-sale rules expand to crypto
H.R. 9172 extends anti-abuse rules to digital assets. It prevents claiming tax losses on immediate repurchases. This closes a gap that exists in traditional markets. Treasurty estimates project $23.5 billion in revenue over ten years.
Industry seeks regulatory clarity
A June 9 hearing featured testimony from Coinbase and Fidelity. Industry leaders argued for clear tax rules. They stated clarity is vital for US competitiveness. The bills apply broadly without naming specific assets. Democrats requested further analysis before proceeding. GN markets/crypto notes the fiscal argument may aid passage.






