Upcoming Crypto Tax Bills: Implications for Miners, Stakers, and Traders

Key Changes Proposed for Mining and Staking Taxes

Potential Adjustments to Crypto Wash-Sale Rules

What to Expect If the House Panel Advances the Bills

House Ways and Means Committee Set to Review Crypto Tax Bills with Major Implications

September 13, 2026 — The House Ways and Means Committee is gearing up for a pivotal session on September 16, where two significant crypto tax bills could be on the agenda. These proposals, H.R. 9175 and H.R. 9172, aim to reshape the tax landscape for miners, stakers, and traders, addressing critical issues such as mining and staking rewards, wash-sale restrictions, and constructive-sale rules.

While reports suggest that the committee may consider these bills, the official schedule has yet to confirm the markup, leaving the timing and final agenda uncertain. This ambiguity has raised questions among stakeholders in the cryptocurrency space, who are closely monitoring the developments.

Key Provisions of the Proposed Bills

Introduced by Representatives Mike Carey and Jodey Arrington on June 8, both bills were referred to the Ways and Means Committee and discussed during a recent hearing on digital asset taxation.

H.R. 9175: Tax Clarity for Mining and Staking Act

This bill proposes to maintain immediate income recognition for new tokens received through mining, staking, or validating activities. Under H.R. 9175, these tokens would be treated as ordinary income at their fair market value upon receipt. However, taxpayers could opt to defer recognition of their tokens, treating the deferred amount as taxable income only when the tokens are sold or otherwise disposed of. Notably, this choice would not be universally applicable, with specific provisions for foreign corporations and sourcing rules based on taxpayer residency.

The Joint Committee on Taxation estimates that H.R. 9175 could result in a staggering $2.956 billion in lost revenue for the government from fiscal years 2026 to 2036. A proposed amendment to limit tax deferral to five years has not made it into the current draft.

H.R. 9172: Changes to Wash-Sale Rules

H.R. 9172 introduces anti-abuse rules for a newly defined category of specified assets, applying wash-sale and constructive-sale rules to many digital assets. Currently, Section 1091 disallows losses if substantially identical property is purchased within 30 days of a sale. The new bill would extend this framework to most digital assets, with certain exemptions for qualified U.S. dollar-denominated stablecoins and specific mining and staking acquisitions.

The Joint Committee on Taxation has projected that H.R. 9172 could raise $2.074 billion from fiscal years 2026 through 2036, marking a significant shift in how crypto tax-loss harvesting is approached for traders.

What’s Next?

If the House panel advances these bills, a markup would allow legislators to debate, amend, and vote on the proposals. They could choose to support the June drafts, propose amendments, or reject them outright. Any changes, such as the five-year deferral period, would need to be formally integrated into H.R. 9175 to become law.

Approval by the committee would only be the first step in a lengthy legislative process, requiring further passage in the House, approval by the Senate, and ultimately, the president’s signature.

As the crypto community awaits clarity on these potential changes, the implications for U.S. crypto tax laws remain significant, particularly for miners, stakers, and traders navigating the evolving landscape of digital asset taxation.