U.S. House Tax Committee Proposes Allowing Crypto Holders to Defer Staking Income Recognition

According to a draft bill from the House Ways and Means Committee, taxpayers will be able to combine total gains and losses from digital assets and defer recognizing newly generated tokens as income until they are sold.

Under the proposal, holders of widely traded digital assets can aggregate cumulative losses or gains within a single year for tax filing purposes, eliminating the need for separate calculations on individual transactions. Additionally, crypto merchants and professional traders would be permitted to use the mark-to-market tax treatment applicable to securities traders, which taxes unrealized gains and losses annually.