The U.S. House Ways and Means Committee will review crypto tax rules on September 16.

ME News reports that on September 12 (UTC+8), the U.S. House Committee on Ways and Means will review a series of digital asset tax legislation on September 16, advancing crypto tax bills toward a full House vote. The review focuses on two key issues: when miners and stakers should be taxed on newly created tokens, and whether wash sale rules applicable to stocks should extend to digital assets. The two key bills are H.R. 9175, the Mining and Staking Tax Clarity Act, and H.R. 9172, the Act to Apply Existing Tax Anti-Abuse Rules to Digital Assets. The former stipulates that miners and stakers are not required to pay taxes immediately upon receiving new tokens but may defer taxation until the tokens are actually sold, at which point they are taxed as ordinary income. The latter extends wash sale and constructive sale rules to actively traded digital assets, closing a tax loophole long exploited by crypto traders. (Source: ODAILY)