US HOUSE TO REVIEW TWO CRYPTO TAX BILLS SEPTEMBER 16

Summary from the TLDR Crypto newsletter

The House Ways and Means Committee will review two crypto tax bills on September 16. The Mining and Staking Tax Clarity Act would defer taxes on newly generated tokens until disposal while still treating the income as ordinary income, though Republicans may limit the deferral to five years. The Applying Existing Tax Law Anti-Abuse Rules to Digital Assets Act would extend wash-sale and constructive-sale rules to digital assets, excluding mining/staking income and eligible USD stablecoins. Both advance to the House floor if approved.