Three US crypto trade groups urged Congress to fast track tax bill exempting mining and staking rewards from income
Three leading trade groups representing the cryptocurrency industry have called on the US Congress to swiftly pass a new tax bill regarding digital assets. The proposed legislation would specifically exclude rewards earned from crypto mining and staking from taxable income. However, Democrats in the House of Representatives have expressed concerns that this move might give digital assets an unfair advantage over traditional investment instruments like stocks and bonds.