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The crypto lobbying group urges the U.S. Congress to pass the mining and staking tax bill directly, without further amendments.

MarsBitNews
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Mars Finance reports, citing Cointelegraph, that three major crypto lobbying groups—the Blockchain Association, the Crypto Innovation Committee, and the Digital Chamber of Commerce—have jointly sent a letter to the U.S. Congress urging the《Mining and Staking Tax Clarity Act》to be passed as-is without any further amendments. The bill allows miners and stakers to choose to pay taxes either when they receive crypto rewards or when they sell assets, with the goal of addressing liquidity problems caused by “phantom income taxation.” Democratic Congressman Steven Horsford proposed an amendment to limit the deferral of crypto reward taxes to five years, but the CEO of the Crypto Innovation Committee said the amendment would “destroy” the bill and would only generate “insignificant revenue.” The American Bankers Association opposes the bill, saying it gives cryptocurrencies a “significant advantage,” while crypto lobbying groups argue that reopening negotiations on a compromise that has already reached consensus would “revive the issues the bill seeks to resolve.”
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