Fidelity Digital Assets argues Bitcoin's security remains sufficient despite declining mining rewards, citing transaction fees and market incentives as key factors, though public miners face financial pressure and are diversifying into AI.
Crypto lobbying groups are pressing Congress to pass the Tax Clarity for Mining and Staking Act without amendments, arguing it provides necessary clarity on crypto rewards taxes and supports American blockchain security. They oppose an amendment that would limit tax deferrals, citing potential harm to innovation and negligible revenue gains.
Crypto lobbying groups are urging Congress to pass the Tax Clarity for Mining and Staking Act without changes, arguing it provides necessary clarity on crypto rewards taxes and avoids "phantom income" taxation. The bill offers a choice for taxing rewards upon receipt or sale, a compromise opposed by the banking lobby.
