Congress Discusses Seven New Crypto Tax Bills Related to Staking

On June 5, 2026, House Republicans announced seven new crypto tax bills that will be at the center of a Ways and Means Committee hearing. These bills are set to address key issues concerning the taxation of cryptocurrencies, including staking and mining rewards, as well as exemptions for certain fees associated with crypto transactions.

One significant measure, the Tax Clarity for Mining and Staking Act, proposes that rewards earned from staking or mining should not be classified as taxable income at the moment they are generated. This aims to clarify a contentious area where users of cryptocurrencies like Ethereum and Solana have faced challenges in determining the tax implications of their rewards. Currently, users are obligated to declare these rewards as income, even if they have not converted them to cash.

Additionally, the proposed legislation includes the Less Tax Paperwork for Digital Asset Owners Act, which seeks to implement a de minimis threshold of $10 for transaction fees, commonly known as gas fees. This provision could exempt a taxpayer from reporting up to 5,000 transactions annually that fall below this threshold, easing the reporting burden for many crypto users.

While these measures align with some long-standing requests from the crypto industry, they notably do not encompass broader exemptions for general cryptocurrency purchases. This has been a persistent objective among advocates for clearer crypto regulations.

“This legislation marks the first time that congressional leaders are formally moving forward with tax-related crypto legislation,” noted sources familiar with the discussions. Despite previous proposals circulating in both chambers of Congress, none have progressed to this stage.

As the hearing approaches, industry participants are keenly watching to see how these bills evolve and whether they will bring more clarity and flexibility to the tax obligations of cryptocurrency stakeholders.