Woofun AI reports that major U.S. cryptocurrency lobbying groups have jointly petitioned the House Ways and Means Committee to advance the 'Tax Clarity for Mining and Staking Act.' Spearheaded by Republican Congressman Mike Carey, the legislation proposes granting taxpayers the option to defer tax liabilities on newly acquired mining or staking rewards until the assets are sold, rather than imposing immediate taxation upon receipt.

Industry bodies including the Blockchain Association, Digital Chamber, and Crypto Council for Innovation back the measure, arguing that current rules force network security participants to incur tax burdens before realizing liquidity. While supporters emphasize this prevents cash flow strain without enabling indefinite deferral, Democratic lawmakers warn of potential policy arbitrage by large mining firms.

Concurrently, this tax initiative has emerged as a secondary legislative front, advancing alongside the broader 'Digital Asset Market Structure Act.'