Crypto lobby urges Congress pass staking and mining tax bill as is
CoinTelegraph·
60-second summary
A trio of crypto lobby groups is urging Congress to pass the staking and mining tax bill as is, with no further amendments. The bill would tax staking and mining rewards when they're sold, potentially generating significant revenue for the US Treasury. This move could impact the crypto market, potentially affecting investor confidence, and may influence the price of cryptocurrencies.
A trio of crypto lobby groups says a bill allowing staking and mining rewards to be taxed when they’re sold should be passed without further amendments.