House crypto tax bill keeps mining and staking rules

CoinTelegraph reported that a 114-page bill proposed in the US House would alter the tax treatment of certain crypto assets while leaving other rules intact. The legislation targets three areas: crypto fees, stablecoins, and lending. According to the report, the bill changes how these specific items are handled for tax purposes. It does not, however, alter the existing schedule for when mining rewards or staking rewards are taxed. The proposal stands at 114 pages in total. While it updates the framework for fees, stablecoins, and lending activities, it maintains the current status quo for reward tax timing.