The U.S. House of Representatives has introduced several bills aimed at adjusting the cryptocurrency tax framework, focusing on mining, staking, and reporting rules.

June 9 — Crypto reporter Eleanor Terrett reports that Republican members of the U.S. House Ways and Means Committee have unveiled six standalone bills, alongside a discussion draft, ahead of Wednesday’s 2 p.m. local-time cryptocurrency tax hearing. The proposals are crafted to systematically adjust the country’s cryptocurrency tax framework. The legislative package spans key areas including crypto donation rules, taxation of mining and staking rewards, mandatory reporting requirements, equal tax treatment for digital assets, voluntary disclosure mechanisms, and extending existing tax anti-abuse rules to cover the digital asset space. The separate discussion draft focuses specifically on cracking down on cryptocurrency tax avoidance through offshore structures, aimed at boosting regulatory constraints and compliance obligations. Committee leadership stated the bills are designed to bring clarity, fairness, and operational practicality to digital asset regulations, while upholding the United States’ position as a global hub for cryptocurrency activity. Witnesses slated to appear at today’s hearing include representatives from Fidelity, Coinbase, Coin Center, and the NYU Law Tax Center.