Crypto groups urge U.S. Congress to pass staking tax bill unchanged

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Crypto staking tax bill

Highlights

Blockchain Association, Crypto Council for Innovation, and The Digital Chamber urged Congress to pass the Tax Clarity for Mining and Staking Act without revisions.
The bill proposes deferring taxation on mining and staking rewards until sale, and allowing taxpayers to elect whether to pay at receipt or sale.
The American Bankers Association criticized the bill for favoring crypto over other assets, warning it could divert deposits from traditional banks.

Congressional tax debate gains industry pressure

The groups' latest intervention comes as lawmakers consider how crypto activity should be treated under federal tax law, with industry advocates arguing that existing rules do not reflect how mining and staking function.

As reported by The Block, the Blockchain Association, the Crypto Council for Innovation and The Digital Chamber sent a letter over the weekend to House Ways and Means Committee Chair Jason Smith and senior Democrat Richard Neal, calling the Tax Clarity for Mining and Staking Act essential and urging Congress to pass it without revisions. The letter argues that reopening the current compromise could revive problems the bill is designed to solve and delay a bipartisan outcome.

The bill would defer taxation on mining and staking rewards until the underlying assets are sold. It also creates an elective process that lets taxpayers choose whether to pay taxes when the assets are received or when they are sold.

Banking criticism highlights broader market stakes

Industry support for the measure reflects a longer-running campaign by crypto advocates, who have argued for years that staking rewards should be taxed at sale rather than at creation. Earlier this month, the House Ways and Means Committee held a hearing on several cryptocurrency proposals, including this tax bill, but the measure has not yet advanced out of the committee.

The legislation still faces the possibility of amendment as it moves through Congress, which is common for tax bills. It is also drawing criticism from outside the crypto sector, with the American Bankers Association saying the proposal shows clear favoritism toward cryptocurrencies over other asset classes and warning that it could pull deposits away from traditional banks.

The Crypto Council for Innovation has rejected that argument, underscoring a broader policy clash over whether tailored crypto tax treatment improves U.S. competitiveness or creates an uneven advantage for digital assets. For the crypto sector, the outcome could shape how mining and staking are taxed across the U.S. market and influence the operating environment for exchanges, platforms and token holders.

Our earlier analysis of Marathon Digital Holdings (MARA) highlighted a sharp intraday price jump and a still-bullish technical setup, with key support clustered around the mid-$14 area and a likely near-term consolidation range. We also noted that momentum signals were mixed despite the rally, implying that volatility could accelerate if the stock breaks out of its range—an important backdrop as policy and tax decisions can influence miners’ operating outlook.

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