U.S. House set to review two crypto tax bills on Sept. 16

The House Ways and Means Committee is scheduled to markup two digital‑asset tax proposals on Sept. 16. The measures, H.R. 9175 and H.R. 9172, target different parts of the tax code and could alter how miners, stakers and traders report federal taxes.

Mining and staking income deferral – H.R. 9175

H.R. 9175, the Tax Clarity for Mining and Staking Act, would let qualifying miners and stakers elect to defer ordinary‑income recognition on newly created tokens. The deferral would remain in effect until the taxpayer disposes of the token, at which point the gain would be treated as ordinary income. The bill limits eligibility based on foreign‑ownership rules and sourcing criteria. The Joint Committee on Taxation estimates the proposal would reduce federal revenue by roughly $2.96 billion over fiscal years 2026‑2036.

Wash‑sale and constructive‑sale rules for digital assets – H.R. 9172

H.R. 9172 would expand existing wash‑sale (Section 1091) and constructive‑sale (Section 1259) anti‑abuse rules to “specified assets,” a category that would include most digital assets and related contracts. Under the bill, a loss on a sale of a cryptocurrency could be disallowed if a substantially identical asset is repurchased within 30 days, with the loss added to the basis of the replacement. The legislation carves out an exception for qualified U.S. dollar‑denominated stablecoins that meet statutory requirements. The Joint Committee on Taxation projects a revenue increase of about $2.07 billion for fiscal years 2026‑2036.

Legislative outlook

If the markup proceeds, the committee could approve, amend, or reject the bills. A favorable vote would send the measures to the full House, but further action by House leadership, the Senate and the president would be required before any changes become law. No official agenda or notice confirming the Sept. 16 markup has been posted as of the latest committee records.