👀 The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber called on the US Congress to pass the Tax Clarity for Mining and Staking Act without amendments.

The letter's authors opposed Congressman Steven Horsford's amendment, which limits the tax deferral to five years. They believe such an amendment would undermine the compromise inherent in the bill and would have only a minor fiscal impact.

The bill proposes that miners and stakers pay taxes on their rewards upon receipt or defer the tax until they sell the asset.

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