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H.R. 9175119th CongressIn committeeLatest action Jun 8, 2026Decoded by AI · checked against the record
Official title: Tax Clarity for Mining and Staking Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 9175 taxes mined and staked crypto as ordinary income on receipt, with an option to defer until sale.
55-second read · 4 questions answered below
HR 9175 establishes that cryptocurrency earned through mining or staking is taxed as ordinary income at the moment it is received, based on its value at that time. The bill also creates an optional deferral, allowing miners and stakers to delay paying that tax until they sell or trade the coins, at which point the profit is still treated as ordinary income rather than a capital gain. The bill adds clear legal definitions for mining, staking, and digital assets, and sets rules for investment trusts that hold and stake crypto.
The bill directly affects cryptocurrency miners, stakers, investment funds built around those activities, and tax professionals who advise them. Everyday crypto holders who only buy and sell coins are not targeted by this bill.
The bill replaces currently unclear IRS rules with a defined framework, which changes how and when affected taxpayers calculate and report income from blockchain validation activities. The changes apply only going forward from the date the bill becomes law and do not alter how past crypto earnings are treated.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.
Coverage of this bill from across the press — each outlet's political lean labeled where AllSides has rated it, and marked "Not rated" where it hasn't.
Newest of these articles:
ambcrypto.com
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financefeeds.com
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cryptoslate.com
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cointelegraph.com
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decrypt.co
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Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.