Key facts
- Blockchain Association requested passage of bipartisan crypto tax legislation.
- The Clarity Act is currently stalled.
- A House bill lost mining and staking relief provisions.
The Blockchain Association has urged congressional leaders to pass bipartisan cryptocurrency tax legislation. However, the path forward appears challenging as the Clarity Act remains stalled, and a recent House bill had its provisions for mining and staking relief removed. With Congress adjourned until after the midterm elections, the association's request faces significant legislative hurdles.
