The US House of Representatives has drafted a 114-page bill on crypto asset taxation. The proposal would overhaul how crypto network fees, stablecoins, and crypto lending are taxed—but it leaves the timing of tax on mining and staking rewards unchanged. No tax deferral for miners or stakers made it into the bill.

New rules for fees, stablecoins, and lending

The bill clarifies the tax treatment for fees paid in crypto, as well as for stablecoins and crypto lending transactions. The 114-page text outlines exactly how these categories should be taxed going forward, aiming to update the current approach.

No tax delay for mining and staking rewards

When it comes to mining and staking, the bill does not introduce any delay in paying taxes on rewards. The timing for taxing these earnings will remain the same as under current law—so miners and stakers shouldn't expect any extra breathing room.

What this means for the crypto market

As it stands, the bill would shake up tax rules for fees, stablecoins, and crypto lending, but leaves the tax treatment of mining and staking rewards untouched. Market players need to be aware: the bill specifically excludes any tax deferral for income from mining and staking.