House Crypto Tax Bill Exempts $10 Fees, Drops Staking Tax Break

The $10 fee exemption is a pragmatic nod to small transactions, but the real signal is the treatment of mining and staking rewards as ordinary income with no deferral. That closes a door the industry had pushed hard to keep open, and it matters most for validators and miners whose rewards are earned in kind but taxed in fiat terms. The Ways and Means vote is the immediate test; whether this framing survives later stages is the open question.