The Senate Finance Committee is actively working on bipartisan updates to how digital assets are taxed in the US. The catch: senators are holding their fire until the House reaches its own agreement first.
What the House is doing while the Senate waits
The House Ways and Means Committee held a legislative hearing on June 9 featuring eight separate measures aimed at simplifying digital asset taxation.
Among the proposals discussed were H.R. 9178, titled the “Less Tax Paperwork for Digital Asset Owners Act,” and H.R. 9175, the “Tax Clarity for Mining and Staking Act.”
H.R. 9178 targets reporting burdens that crypto holders currently face. H.R. 9175 goes after the murky tax treatment of staking and mining rewards, addressing ambiguity about when those rewards become taxable income, and whether they should be taxed at receipt or at sale.
