Three of the largest U.S. crypto lobby groups have urged Congress to pass a staking and mining tax bill without further amendments. The Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber sent a joint letter to House Ways and Means Committee leaders calling for the Tax Clarity for Mining and Staking Act to pass as introduced. The bill, designated H.R. 9175, would give miners and stakers the option to defer taxes on crypto rewards until the assets are sold rather than paying at the point of receipt. The crypto industry has long argued that taxing rewards upon receipt amounts to taxing ... (full story)