The US House Ways and Means Committee is reviewing this Wednesday a legislative markup session covering a 114-page tax package that omits crypto reward deferrals.
The legislative initiative, designated as the Digital Asset Tax Certainty Act or H.R. 10357, was officially published on Monday alongside the official committee markup notice. The regulatory document leaves out the specific provision introduced by Representative Mike Carey in June, which allowed miners and stakers to defer taxation until token sales.
Without this specific provision in the text, mining and staking rewards remain taxable upon actual receipt or control by the recipient before cash conversion occurs.
This premature tax burden creates significant operational liquidity challenges before digital assets can be successfully converted into cash within current national financial markets. The government measure coincides temporally with ongoing Senate deliberations regarding the CLARITY Act, which defines regulatory oversight boundaries between federal agencies.
Accounting rules and exemptions
Despite omitting reward deferral, the official bill text retains detailed regulations regarding network fees, everyday transactions, and authorized stablecoins. The proposal formally establishes that monetary income derived from blockchain validation activities will be classified as ordinary taxable income under strictly defined federal criteria.
Furthermore, taxpayers will be legally exempted from recording capital gains or losses when utilizing cryptocurrencies to cover operational or transaction fees up to $10. The legislative text also proposes specialized tax treatment for dollar-linked stablecoins and permits digital asset loans without treating them as direct taxable sales.
Sector reactions and groups
Various industry associations have closely monitored these ongoing regulatory debates within the United States legislative ecosystem throughout September 2026. Sector organizations such as the Blockchain Association formally demanded the legislative inclusion of rules preventing operational double taxation for technological market participants.
Concurrently, complex sectoral discussions persist regarding the banking stablecoin opposition while general parliamentary analysis advances across chambers. The regulatory package also proposes simplifying corporate accounting for high-volume crypto assets and implementing strict wash-sale rules applicable to the digital asset sector.
Additionally, plans project establishing an official voluntary disclosure program aimed at taxpayers seeking to correct prior tax infractions related to declared digital holdings.
Initial proposals presented in June previously addressed similar measures aimed at reducing the tax reporting burden associated with common cryptocurrency transactions. Industry representatives warned that taxing rewards prior to commercial sale severely limits operational growth for distributed validator nodes operating across North America.
Lawmakers continue evaluating stakeholder feedback to balance regulatory oversight with technological innovation across the rapidly expanding digital asset financial ecosystem. Further amendments might emerge as committee members debate specific tax treatments during the ongoing congressional markup sessions scheduled this week.
This article is for informational purposes only and does not constitute financial advice.
