Two crypto tax bills could come before the House Ways and Means Committee on Sept. 16, with potential implications for miners, stakers, and traders. The proposals address mining and staking rewards, wash-sale restrictions, and constructive-sale rules. Reports indicate the House Ways and Means Committee may take up H.R. 9175 and H.R.
9172. However, the panel has not yet published a Sept.
16 markup on its official schedule. That leaves the timing and final agenda unconfirmed.
News. House Ways and Means Committee Republicans are strongly considering dropping major provisions on taxing mining and staking rewards from the crypto package they’re marking up Wednesday, according to multiple sources familiar with the plans.@ccleffert and @LauraEWeiss16… pic.twitter.com/fvKfvbvqBM
— Punchbowl News (@PunchbowlNews) September 13, 2026
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Representatives Mike Carey and Jodey Arrington introduced the measures on June 8. Both were referred to Ways and Means. The committee examined them later during a hearing on digital asset taxation.
How Would Crypto Tax Bills Change Mining and Staking Taxes?
H.R. 9175, called the Tax Clarity for Mining and Staking Act, would maintain immediate income recognition.
New tokens received through mining, staking, or validating activity would be treated as ordinary income when received, valued at fair market value at the time of receipt. Also Read: Ripple Legal Chief Presses Senate Ahead of CLARITY Act Vote
Taxpayers eligible under H.R. 9175 could instead choose to defer recognition for their tokens.
The deferred portion would be treated as taxable income when the token was sold or otherwise disposed of. Under the bill, this deferred gain would be treated as ordinary income. The choice would not apply to all taxpayers and all tokens. The bill has provisions regarding some foreign corporations. Sourcing rules are based on the taxpayer’s residence.
The current crypto tax bills of the Internal Revenue Service (IRS) have been such that the receipt and control of rewards from mining and staking result in taxable income. In case of a subsequent sale of a token, this leads to a separate capital gain or loss. The Joint Committee on Taxation estimated that H.R. 9175 would cost the government $2.956 billion in lost revenue from fiscal 2026 through 2036. A Democratic proposal to limit tax deferral of mining and staking to five years is not included in the draft. How Could Crypto Wash-Sale Rules Change? Anti-abuse rules will be applied to a newly defined category of specified assets through H.R.
9172. The crypto tax bills will cause wash sales and constructive sales of many digital assets under current provisions that are applicable to the financial instruments. Source: Waysandmeans
Section 1091 allows disallowing a loss if covered stock or securities are disposed of and substantially identical property is purchased within 30 days before or after the disposition. H.R. 9172 will apply the same framework to most digital assets and some related contracts or options.
The qualified U.S. dollar-denominated stablecoins will be exempted if they satisfy the provisions of the bill. Some mining and staking acquisitions will be exempted under the more limited provision. The exemption language does not include all rewards. H.R.
9172 will also extend the constructive sale rules from Section 1259. The provisions may require recognition if the transaction eliminates the majority of economic risk in an appreciated position without selling the position. H.R. 9172 will change crypto tax-loss harvesting for traders. Cryptocurrency is considered property for federal taxation purposes.
Statutory wash sale rules do not currently apply to cryptocurrency in the same way as they apply to stocks or securities. The Joint Committee on Taxation scored H.R. 9172 at raising $2.074 billion from fiscal years 2026 through 2036. What Happens If the House Panel Advances the Bills? A markup in committee would provide an opportunity for legislators to debate, amend, and vote on the crypto tax bills.
Legislators could vote in favor of either of the June drafts, amend them, or vote against either draft. Any provision on the five-year deferral period must be formally amended into H.R. 9175 for it to become law. Approval by the committee will mark just the beginning of a new process. Both drafts still require further stages to pass and become law, including passage in the House, approval by the Senate, and signing by the president.
Prior to an official notice of Sept.
16 or an amendment package, the June drafts remain the official legislative language. The crypto tax bills continue to hold significance for U.S. crypto tax laws for miners and stakers, digital assets tax, and crypto wash sale law for traders. Also Read: PUMP Price Recovery Gains Strength After Holder Rewards Launch
Arslan Tabish
Arslan Tabish is a Technical Reporter and Market Analyst at Tron Weekly with over five years of experience covering cryptocurrency markets and blockchain developments.
His reporting focuses on Bitcoin, Ethereum, altcoins, and decentralized finance, alongside NFTs, crypto regulation, policy, and Web3 innovations. Arslan covers blockchain technology, Layer 2 scaling solutions, and emerging use cases, including AI-driven crypto applications, while delivering clear market analysis on how technical and regulatory developments impact digital asset markets. His work is designed for both beginners and experienced readers, offering accurate, easy-to-understand reporting without speculation or investment guidance. Articles: 1917
