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World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksTradFi Trading Strategies Sharing ChallengeCrypto lobby urges Congress pass staking and mining tax bill as is A

TradFi Trading Strategies Sharing Challenge

Crypto lobby urges Congress pass staking and mining tax bill as is


A group of crypto lobbying organizations has urged Congress to pass a bill on crypto staking and mining taxes without changes, saying it would provide clarity on crypto rewards taxes and ensure blockchains “can be secured by Americans in America.”

The Blockchain Association, the Crypto Council for Innovation and The Digital Chamber said in a letter on Sunday to House Ways and Means Committee Chair Jason Smith and its top Democrat, Richard Neal, that the Tax Clarity for Mining and Staking Act should be passed “as introduced.”

“After years of uncertainty about how mining and staking rewards are taxed, the bill provides a durable compromise that innovators can support while addressing concerns raised by some lawmakers,” the group wrote.

The bill seeks to address what the crypto industry has long said is an unfair tax code that views mining and staking rewards as taxable income when received, which the letter argued is a “taxation of phantom income” that can cause liquidity issues.

The bill would allow miners and stakers the choice of paying taxes on crypto rewards either when they receive them or when they sell the assets, which the lobbyists wrote “ensures income is recognized while avoiding immediate taxation before taxpayers can monetize the asset.”

It was introduced earlier this month ahead of a legislative hearing, but has not advanced past the Ways and Means Committee. Democratic Representative Steven Horsford filed an amendment to limit the deferral of crypto reward taxes to five years.

Crypto Council for Innovation CEO Ji Hun Kim posted to X on Monday that Horsford’s amendment would “break” the bill and raise “negligible revenue.”

“We greatly appreciate his engagement, but there have already been significant concessions made in framing this as an elec

Crypto lobby urges Congress pass staking and minin

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COW focus is on governance + growth: On Jun 4 CoW DAO posted its May 2026 recap (KPIs, tokenomics/value distribution talk). On Jun 16 the May treasury report noted a 25M COW transfer linked to CIP-83.

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World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeHut 8 to pay $2.35 million to settle investor suit over U.S. Bitco

BTC Prophet: 20-Day 380 Million HTX Challenge

Hut 8 to pay $2.35 million to settle investor suit over U.S. Bitcoin mergerFormer bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC).

The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8's all-stock merger with USBTC, which closed in November 2023.

Investors alleged the company, which now focuses on AI data centers and high-performance computing, overstated the transaction's benefits while failing to disclose persistent energy curtailment and internet connectivity issues at King Mountain, a Texas bitcoin mining joint venture in which USBTC held a 50% interest.

The litigation gained momentum after short seller J Capital Research published a critical report in January 2024, prompting a slide of more than 23% in Hut 8's share price.

According to a court filing, the $2.35 million recovery represents roughly 19.6% of the estimated maximum recoverable damages, exceeding the 12.9% median and 14.6% average recovery rates for Securities Act-only settlements in 2025.

As part of the agreement, Hut 8 denies any wrongdoing or liability. Hut 8 shares have gained more than 640% over the past year.

Bitcoin Mining
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Hut 8 to pay $2.35 million to settle investor suit

Long $AWE {future}(AWEUSDT) Entry: $0.0608 - $0.0616 TP1: $0.0635 TP2: $0.0654 TP3: $0.0672 SL: $0.0595 24H: +7.9% 24H OI rose by 17.16%, trading volume surged over 6 hours Mild negative funding rate 

2026 World Cup Posting Challenge on HTX Square

TradFi Trading Strategies Sharing ChallengeBTC Prophet: 20-Day 380 Million HTX Challenge2026 World Cup Posting Challenge on HTX SquareStand With Crypto Advocates for Clarity Act Vote Before Senate Rec

Stand With Crypto Advocates for Clarity Act Vote Before Senate RecessStand With Crypto has called on the Senate to expedite a vote on the Clarity Act before its scheduled recess next week. In a recent tweet, the organization highlighted the lack of a scheduled vote for the Act, urging constituents to contact their Senators to advocate for its consideration before the break. The official statement can be found here.

What Happened
The current sentiment surrounding regulatory actions in the crypto space is growing increasingly urgent. As the Senate prepares for its upcoming recess, Stand With Crypto’s call to action underscores a pressing need for clarity in legislation affecting the crypto industry. With the Clarity Act lacking a scheduled vote, stakeholders are concerned about further delays in establishing a regulatory framework that could benefit the sector. This situation reflects ongoing conversations about the importance of timely legislative action to support innovation in cryptocurrency and blockchain technologies.

Key Details
Stand With Crypto, advocate for the Clarity Act, no scheduled vote before recess.
Price Action Breakdown
Recent trends show that the crypto market is experiencing mixed signals, with varying momentum across major assets. The call for immediate action on the Clarity Act reflects broader industry concerns about regulatory uncertainty, which can impact investor confidence and market dynamics. As discussions evolve, the response from lawmakers will be critical in shaping the future landscape for crypto regulations.

The Clarity Act aims to provide a clearer regulatory framework for cryptocurrencies, which many in the industry believe is essential for fostering growth and compliance. As the Senate adjourns, the potential for legislative inaction could stall advancements and create further ambiguity in t

Stand With Crypto Advocates for Clarity Act Vote B

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