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Bipartisan US House Bill Proposes Tax Safe Harbor for Stablecoins and Staking Rewards

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A new bipartisan U.S. House bill introduces a tax safe harbor for stablecoins and staking rewards. Led by Rep. Max Miller and Rep. Steven Horsford, the proposal would exempt capital gains on stablecoins valued between $0.99 and $1.01. It also defers taxes on staking and mining rewards tied to blockchain validation. The draft aligns crypto taxation with traditional securities and extends exemptions to digital assets. Foreign investors and securities lenders would also benefit from the changes.
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