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Bipartisan US Crypto Tax Draft Proposes Stablecoin Relief, Lending Clarity, and Mining Deferrals

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A bipartisan US crypto tax draft led by Rep. Max Miller and supported by Rep. Steven Horsford is gaining attention in the House. The proposal includes a $200 de minimis exemption for stablecoin payments, non-taxable treatment for some crypto lending, and a five-year deferral for staking and mining rewards. The framework treats crypto as a functional financial system, not a speculative asset. It also includes anti-avoidance measures and excludes NFTs and illiquid tokens from lending benefits. The bill remains unofficial.
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