Miller–Horsford Bill Seeks Tax Clarity for Stablecoins, Staking
A bipartisan group in the U.S. House has advanced a draft bill by Representatives Miller and Horsford intended to clarify how crypto is taxed, with particular attention to small stablecoin transfers and income produced by staking and mining. The bill is framed as targeted tax guidance rather than broad regulation, aiming to resolve common uncertainty that has complicated day-to-day use and reporting for retail holders and platforms.
If enacted, the measure could ease record-keeping and reporting requirements for micro stablecoin transactions and create clearer rules for when staking or mining rewards are treated as taxable income. Advocates say the certainty would lower compliance costs and encourage legitimate activity, while regulators would still have defined pathways for enforcement. Next steps include committee review and floor consideration, with timing dependent on the legislative calendar.