US Crypto Lobby Groups Back Tax Relief Bill for Miners and Stakers

Leading U.S. cryptocurrency advocacy organizations have joined forces to urge the House of Representatives to advance legislation that would provide clearer tax treatment for crypto miners and staking participants.

In a letter sent Sunday to the leadership of the House Ways and Means Committee, the Blockchain Association, Digital Chamber, and Crypto Council for Innovation expressed support for the Tax Clarity for Mining and Staking Act, introduced by Representative Mike Carey of Ohio. The proposed legislation would allow taxpayers to choose when newly created digital assets from mining or staking become taxable—either when they are received or when they are ultimately sold.

According to the industry groups, the measure would help address a longstanding issue in U.S. crypto taxation. They argue that current tax rules can create burdens for miners and stakers by requiring them to pay taxes on digital assets before they have a practical opportunity to convert those assets into cash.

“The tax code should not force Americans who help secure decentralized networks to sell assets before they can reasonably monetize them simply to satisfy an immediate tax obligation,” said Blockchain Association CEO Summer Mersinger in a statement issued alongside leaders from the Digital Chamber and Crypto Council for Innovation.

While the crypto industry’s primary legislative focus remains the Digital Asset Market Clarity Act, which seeks to establish a comprehensive regulatory framework for digital assets in the United States, tax reform has emerged as another key priority. The issue was discussed during a House Ways and Means Committee hearing on June 9 that reviewed several cryptocurrency tax proposals, including Carey’s bill.

However, the proposal has faced criticism from some lawmakers and policy groups. Democratic committee members raised concerns about how the legislation could be used in practice, while critics such as the Revolving Door Project argued that large crypto mining companies could potentially defer tax liabilities for extended periods while still benefiting from asset appreciation.

The industry coalition rejected those concerns, stating that the bill does not create unlimited tax deferrals. Instead, it seeks to ensure taxable income is recognized while preventing taxpayers from facing immediate tax obligations before they can realistically monetize their crypto holdings.

Despite growing industry support, the legislation remains in the early stages of the congressional process. With limited time remaining in the current legislative session, its prospects for passage remain uncertain.

Meanwhile, attention in the Senate is largely focused on negotiations surrounding the Digital Asset Market Clarity Act. Industry participants hope the measure can reach the Senate floor by mid-July, although several major policy issues are still being debated.