# 119-hr-9175: Tax Clarity for Mining and Staking Act

119-hr-9175, Tax Clarity for Mining and Staking Act, is a 119th Congress bill sponsored by Rep. Carey, Mike [R-OH-15] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-06-12).

- Canonical: https://policyrisk.com/legislation/119-hr-9175
- As of: 2026-06-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9175
- Congress: 119
- Title: Tax Clarity for Mining and Staking Act
- Status: introduced
- Introduced: 2026-06-08
- Sponsor: Rep. Carey, Mike [R-OH-15] (R-OH)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-12

## Summary

**Establishes a new tax framework for digital assets minted by mining and staking.** This bill would create a new Subchapter W that generally treats newly minted digital assets as ordinary income measured at their fair market value on acquisition, while offering an election to defer recognition for qualified newly minted assets. - Validators (miners and stakers): The default rule would include the fair market value of newly minted assets in ordinary income when acquired. Validators could elect to defer income for qualified assets and must follow rules for allocating acquisition costs and treating future gains and losses. - Investment trusts and funds: The bill clarifies that entities that stake for investors are not automatically stripped of trust status for having staking powers. It allows limited exceptions for active traders and authorizes the Treasury to issue implementing regulations. - Businesses, partnerships, and cross-border taxpayers: New sourcing and partnership rules change how income and gains from newly minted assets are allocated, and they make those items count for the qualified business income deduction and related basis carryover rules.

## Provisions PRIA read

- Trust tax rules for staking funds: mixed, medium. If enacted, an investment trust would not lose its tax trust status just because the trustee stakes assets or handles staking rewards. This protection would not apply if the entity actively runs a validation business. The Treasury could set rules on how brokers and trusts report newly minted assets…
- New tax rules for mining and staking: mixed, medium. If enacted, the bill would add a new tax subchapter for newly minted digital assets received from validating transactions. It would set default inclusion rules and an optional election, and it would add definitions for terms like "digital asset," "staking," "mining," and "newly minted." The Treasur…
- Optional deferral for validators' rewards: mixed, medium. If enacted, you could elect to defer including qualified newly minted digital assets in income for the taxable year. If you make this election, related acquisition costs would be capitalized and allocated to those qualified assets. Selling qualified assets while the election applies would treat gai…
- Tax on newly minted crypto rewards: mixed, medium. If enacted, the fair market value of any newly minted digital asset you get would count as ordinary income when you take possession. That value would also become your tax basis in the asset. Costs tied to validating transactions could be treated as current expenses instead of capital costs unless t…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7352: PASTEUR Act of 2026
- 119-hr-1163: Prove It Act

## Sources
- [119-hr-9175 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9175)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7352: PASTEUR Act of 2026](https://policyrisk.com/legislation/119-hr-7352)
- [119-hr-1163: Prove It Act](https://policyrisk.com/legislation/119-hr-1163)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9175 (as of 2026-06-12).