{"id":92455,"date":"2025-12-21T13:29:05","date_gmt":"2025-12-21T10:29:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92455"},"modified":"2025-12-22T10:53:46","modified_gmt":"2025-12-22T07:53:46","slug":"us-lawmakers-introduce-cryptocurrency-taxation-proposal","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-lawmakers-introduce-cryptocurrency-taxation-proposal\/","title":{"rendered":"U.S. Unveils Cryptocurrency Taxation Proposal"},"content":{"rendered":"<p>American lawmakers have <a href=\"https:\/\/horsford.house.gov\/sites\/evo-subsites\/horsford.house.gov\/files\/evo-media-document\/miller-horsford_digital-asset-tax-bill-discussion-draft.pdf\">introduced<\/a> a proposal for taxing digital assets, which considers small transactions with <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a> and provides a deferral for <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a>.\u00a0<\/p>\n<p>The bipartisan proposal, put forward by Representatives Max Miller of Ohio and Steven Horsford of Nevada, aims to amend the Tax Code to reflect the growing use of cryptocurrencies in payments.<\/p>\n<p>The primary objective of the document is to \u201cexclude from income recognition low-profit transactions arising from the ordinary use of regulated payment assets by consumers.\u201d<\/p>\n<p>According to the bill, investors will not need to recognize gains or losses on stablecoin transactions up to $200, provided the coin is issued by a licensed issuer in accordance with the <a href=\"https:\/\/forklog.com\/en\/news\/stablecoins-2-0-the-blockchains-vying-to-power-the-next-era\">GENIUS Act<\/a>.\u00a0<\/p>\n<p>Beyond payment transactions, the proposal addresses concerns about \u201cphantom income\u201d from staking and mining. If enacted, taxpayers will be allowed a deferral of up to five years on recognizing as income the rewards received from locking or mining assets.<\/p>\n<p>Previously, coins obtained in this manner were taxed immediately upon receipt.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis provision is intended to reflect the necessary compromise between immediate taxation of ownership and control and full deferral until the disposition of the position,\u201d the document states.<\/p>\n<\/blockquote>\n<p>The project also extends the existing tax regime for securities lending operations to certain digital asset lending schemes, applies \u201cwash sale\u201d rules to actively traded cryptocurrencies, and allows traders and dealers to choose their coin accounting method.<\/p>\n<p>In December, under the GENIUS Act, the Federal Deposit Insurance Corporation <a href=\"https:\/\/forklog.com\/en\/news\/fdic-unveils-initial-stablecoin-regulations-under-genius-act\">published<\/a> a proposal for rules governing the application process for issuing \u201cstablecoins.\u201d<\/p>\n<p>In the same month, the Commodity Futures Trading Commission <a href=\"https:\/\/forklog.com\/en\/news\/cftc-approves-bitcoin-and-usdc-as-collateral\">launched<\/a> a pilot program to use digital assets as collateral in derivatives markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American lawmakers have introduced a proposal for taxing digital assets, considering small stablecoin transactions and providing a deferral for staking.<\/p>\n","protected":false},"author":1,"featured_media":92456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"US lawmakers propose digital asset tax plan, considering stablecoin transactions and staking deferral.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,558,26],"class_list":["post-92455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-taxes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"207","promo_type":"1","layout_type":"1","short_excerpt":"US lawmakers propose digital asset tax plan, considering stablecoin transactions and staking deferral.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=92455"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92455\/revisions"}],"predecessor-version":[{"id":92467,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/92455\/revisions\/92467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/92456"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=92455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=92455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=92455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}