U.S. House Committee to Review Digital Asset Tax Bills on September 16

The U.S. House Ways and Means Committee is scheduled to review a series of digital asset tax bills on September 16, moving crypto tax legislation closer to a full House vote. According to PANews, the review will focus on two issues: when miners and stakers should pay tax on newly created tokens, and whether stock wash-sale rules should apply to digital assets. The two main bills are the Mining and Staking Tax Clarity Act, H.R. 9175, and the Applying Existing Tax Rules to Digital Assets Act, H.R. 9172. The first bill would allow miners and stakers to defer tax until the tokens are sold, rather than paying immediately when they receive new tokens. The second would extend wash-sale and constructive sale rules to actively traded digital assets, closing a tax loophole that crypto traders have used for years.