The House Ways and Means Committee is scheduled to hold a markup on September 16 to review tax rules for crypto assets (virtual currencies). The main points of focus are a proposal to defer the taxation of tokens earned through mining and staking until they are sold, and a proposal to extend wash sale rules—currently applied to stocks and other securities—to digital assets.

If the bills clear the committee, it could open a path to floor consideration in the House after the midterm elections. However, reports indicate some Republicans are moving to exclude certain tax provisions from the package, leaving the trajectory of deliberations fluid.

Mining Tax Deferral Proposal

One of the central bills is the “Mining and Staking Tax Clarity…