Crypto Industry Advocates for Tax Clarity on Mining and Staking

The leading advocacy groups in the cryptocurrency sector have urged the U.S. House tax committee to support legislation aimed at clarifying the tax treatment of assets generated from mining and staking activities.

Crypto Advocates Request Tax Bill Advancement for Miners and Stakers

By Jesse Hamilton | Edited by Nikhilesh De Jun 22, 2026, 3:56 p.m. 2 min read

• Despite some objections to a proposed U.S. House bill that would allow recipients of mined crypto or staking rewards to delay their income recognition, leading crypto organizations are advocating for its passage without modifications.
• Representative Mike Carey, a Republican from Ohio, has introduced a bill that would permit miners to postpone the taxable event of newly generated assets, rather than treating them as immediate income.
• The focus on tax regulations has intensified in the crypto industry, even as discussions regarding a comprehensive crypto market structure bill continue in the U.S. Senate.

Major U.S. crypto lobbying organizations have come together to encourage the House of Representatives to support a bill that provides miners and those receiving staking rewards the flexibility to choose when to declare taxes on newly acquired assets—either upon receipt or when they ultimately sell the cryptocurrency.

This initiative is part of the Tax Clarity for Mining and Staking Act, a legislative proposal under consideration by the U.S. House Ways and Means Committee. The bill, introduced by Representative Mike Carey, is being endorsed by an industry letter sent to the committee's Republican chairman and senior Democrat.

Summer Mersinger, CEO of the Blockchain Association, stated, "The tax code should not compel Americans who contribute to securing decentralized networks to sell assets prematurely to meet an immediate tax obligation," in a joint statement with leaders from the Digital Chamber and the Crypto Council for Innovation, who collectively urged that the bill proceed without changes.

While the industry’s primary focus remains on the Digital Asset Market Clarity Act aimed at establishing a comprehensive regulatory framework for cryptocurrency activities, taxation has emerged as a significant secondary priority. This was a key topic during a June 9 committee hearing where various bills, including Carey's proposal, were discussed.

Democrats on the committee have expressed concerns regarding the practical application of this bill, and critics such as the Revolving Door Project have suggested that it could allow crypto mining companies, like American Bitcoin—which has significant investments from President Donald Trump's sons—to indefinitely defer taxes while still benefiting financially from their holdings.

In response, the industry letter clarified that the bill "does not allow for unlimited deferral or equal treatment with all types of self-created property; rather, it ensures that income is acknowledged while preventing immediate taxation before taxpayers can monetize the asset."

Efforts to address crypto tax policy have been ongoing for several years, yet the current House bills are still in the early stages of the legislative process. With the congressional session nearing its conclusion, their chances of passing remain uncertain.

Currently, the Senate's attention is focused on the Clarity Act, which is undergoing extensive negotiations as the deadline approaches. Crypto stakeholders are hopeful for its consideration on the Senate floor by mid-July, although many contentious elements are yet to be resolved.