Bloomberg: New U.S. House draft bill proposes tax safe harbor for stablecoins and crypto staking

According to TechFlow, on December 22, Bloomberg reported that bipartisan members of the U.S. House of Representatives are drafting a cryptocurrency tax framework that would provide a safe harbor for certain stablecoin transactions and delay the taxation of rewards earned from validating blockchain transactions.

Ohio Republican Representative Max Miller and Nevada Democratic Representative Steven Horsford jointly introduced this draft, aiming to align the tax treatment of cryptocurrencies with that of traditional securities.