Tax Clarity for Mining and Staking Act
Jun 8, 2026
Introduced: Jun 8, 2026
Jun 8, 2026
Introduced: Jun 8, 2026
Summary
Sets clear tax rules for money earned from creating new digital assets through mining or staking, and lets people choose to delay paying taxes on it.
What problem does this solve?
Current tax rules are confusing for people who earn new digital money by mining or staking. This bill makes clear rules for how this money is taxed and gives people the choice to pay taxes later when they sell it.
What does this bill do?
Reference
Text:
Section:
Sec. 1400W-1(a)
Header:
Current inclusions in gross income; costs not capitalized
Defines default tax for new digital assets
States that the value of newly created digital assets from mining or staking is immediately counted as taxable income when received.
Reference
Text:
Section:
Sec. 1400W-2(a)
Header:
Election to defer inclusion of income and capitalize costs of qualified newly m
Allows an election to delay taxes
Gives taxpayers the option to delay paying taxes on newly created digital assets until they are sold or otherwise disposed of.
Reference
Text:
Section:
Sec. 1400W-2(a)(2)
Header:
Election to defer inclusion of income and capitalize costs of qualified newly m
Changes how mining and staking costs are handled
Specifies that costs related to getting new digital assets are treated as expenses, unless the taxpayer chooses to delay taxes, in which case the costs are added to the asset's value.
Clarifies rules for investment trusts that stake crypto
Ensures that investment trusts can stake digital assets on behalf of investors without being reclassified for tax purposes, which could have negative tax results.
Defines key crypto terms for tax law
Adds official definitions for 'digital asset', 'staking', and 'mining' to the U.S. tax code to ensure consistent application of the law.
Who does this affect?
- Cryptocurrency miners and stakers
- Digital asset investment trusts
- Tax professionals
What is the real world impact?
•
Provides tax clarity for the crypto industry
Creates clear and predictable tax rules for the growing digital asset mining and staking industry, reducing confusion for both taxpayers and the IRS.
•
Encourages domestic crypto activity
Allows taxpayers to delay paying taxes on newly created digital assets. This could encourage more investment and activity in mining and staking within the United States by letting people reinvest their earnings.
When does this start?
The new rules would apply to tax years that begin or end after the bill becomes law, depending on the specific rule.
Tax treatment of new digital assets
The rules for taxing newly acquired digital assets apply to tax years beginning after the bill is signed into law.
Rules for investment trusts
The rules clarifying the status of investment trusts that stake digital assets apply to tax years ending after the bill is signed into law.