IRS crypto mining and staking tax rules would be set by new bill

In committeeH.R. 9175Latest action Jun 8, 2026

Sponsor: Mike Carey · Representative · OH

AIDecoded by AI · checked against the record

Read the official text

Official title: Tax Clarity for Mining and Staking Act

119th Congress

Topics: Jobs & the economy

Introduced: June 8, 2026

Read the official bill on Congress.gov

In plain words

The plain-language version comes first. 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

What does this do?

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.

Who does it affect?

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.

Why does it matter?

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. Check it against the official text before you act on it.

Read the official bill on Congress.gov

Make the call

Three steps: where you stand, your script, the call.

Where do you stand?

Where does it stand?

IntroducedJun 8, 2026
House committeeYou are here · Jun 8, 2026
House vote
Senate
The president's desk

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: June 8, 2026 — Referred to the House Committee on Ways and Means.

See how a call works

Share on WhatsApp

How it's being covered

Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.

Newest of these articles: Jun 30, 2026

cryptoslate.com
Not rated
Trump’s Bitcoin made in America push runs into a power problem the tax bill cannot fix
Jun 30, 2026
“The Tax Clarity for Mining and Staking Act may remove a key penalty for U.S.-based validators, but miners say cheaper power and faster permitting still decide w...” — cryptoslate.com
financefeeds.com
Not rated
Crypto Lobby Pressures Congress Over Staking Tax Rules
Jun 23, 2026
“Three major crypto lobby groups urge Congress to pass the Tax Clarity for Mining and Staking Act without changes, as a banking lobby pushes back” — financefeeds.com
cointelegraph.com
Not rated
Crypto Urges Congress Pass Staking Tax Bill ‘As Introduced’
Jun 23, 2026
“Crypto lobby groups have urged Congress to pass the Tax Clarity for Mining and Staking Act without further changes, as the industry pushes for crypto rewards to...” — cointelegraph.com
ambcrypto.com
Not rated
Crypto groups back bill allowing miners and stakers to defer taxes until sale
Jun 22, 2026
“Major crypto industry groups are backing legislation for miners and stakers to defer taxes on new digital assets until they are sold.” — ambcrypto.com
decrypt.co
Not rated
Crypto Industry Urges Congress to Pass Tax Bill—But Will It Happen This Year?
Jun 22, 2026
“A bill that would make crypto mining and staking more attractive is a top priority for industry leaders—and a growing concern for House Democrats.” — decrypt.co

Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.