H.R. 9175, Cryptocurrency Tax Deferral Carve-out. Quorum's AI analysis reads it as a net cost — and names who bears it.

What it does

This bill creates a new tax regime for cryptocurrency miners and stakers. It allows them to defer reporting income from newly minted digital assets (coins earned through mining or staking) and instead capitalize their acquisition costs. When they later sell those assets, gains are taxed as ordinary income rather than capital gains, and losses receive limited deductions. The bill also clarifies sourcing rules for tax purposes and ensures investment trusts engaged in staking are treated as trusts rather than active businesses.

The analysis names cryptocurrency miners — and 4 more groups — among the beneficiaries.

The cost

Income deferral until disposition means miners/stakers can indefinitely delay tax liability on newly minted assets, creating a timing advantage unavailable to wage earners or other business operators.

The analysis put a high warning level on this bill. Transparency scores 35%, and the analysis found no provisions unrelated to the bill's subject.

Who is behind it

Filed by Mike Carey.