House Tax Panel Debates 7 Crypto Bills on Staking, Mining, and Wash Sales

The House Ways and Means Committee is scheduled to hold a hearing Tuesday on seven cryptocurrency tax bills introduced by Republican lawmakers. The proposals cover taxation of smaller crypto transactions, staking and mining rewards, charitable donations, and wash sale treatment for digital assets.

Democratic Representative Steven Horsford has filed amendments including a five-year time limit on rewards taxation and separate changes to charitable giving provisions, signaling potential bipartisan negotiations. The hearing will test whether the bills can advance with Democratic support or remain a partisan package. Industry groups like Coin Center have criticized extending wash sale rules to crypto as operationally unworkable, while banking associations warn the proposals would give digital assets tax advantages over traditional financial products.