Crypto
U.S. crypto industry seeks tax exemption for mining, staking rewards; passage unclear this year
The U.S. cryptocurrency industry is urging Congress to swiftly pass a tax bill that would exclude mining and staking rewards from taxable income. Three industry groups pressed House leaders to keep the current compromise text, warning that revisions could weaken momentum. Democrats have raised concerns the measure could favor crypto over traditional assets and affect capital allocation. With election timing and uncertain bipartisan support, prospects for passage remain unclear.
