U.S. Tax Reform Aims to Simplify Taxes on Crypto Staking, Mining, and Digital Rewards

2025-12-26 19:22:38

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Cryptocurrency users in the US may be facing significant changes in tax obligations. A proposed tax reform currently under discussion in the American Congress aims to reduce the complexity of tax filings for those who earn rewards through crypto staking, mining, or use stablecoins in daily transactions.

The Proposal and Its Drivers

Representatives Max Miller and Steven Horsford are leading this initiative, which aims to align tax legislation with the current reality of how digital assets operate. The proposal recognizes that the existing tax system, while economically neutral, imposes unnecessary barriers on participants in the cryptocurrency market.

Simplification of Reporting Rules

One of the key points of the reform is the modernization of reporting procedures for transactions conducted on cryptocurrency trading platforms. The focus is on making the process more accessible for ordinary investors who engage in crypto staking or other income-generating activities within the blockchain ecosystem.

Expected Impact on the Ecosystem

This regulatory change could democratize access to cryptocurrencies by removing tax barriers that discourage beginner users. With clearer rules and less bureaucracy, greater adoption of stablecoins for payments and increased participation in staking and mining mechanisms are expected, better aligning the interests of legislators with the expanding crypto market.

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