US Cryptocurrency Industry Groups Demand Unamended Passage of Mining and Staking Tax Bill

On June 21, three leading lobbying groups in the US cryptocurrency sector sent a joint letter to the House Ways and Means Committee, urging the unamended passage of a bill that would defer taxes on mining and staking rewards until the time of sale. The letter was co-signed by the Blockchain Association, the Cryptocurrency Innovation Council, and the Chamber of Digital Commerce. The recipient of the letter was Committee Chairman Jason Smith...