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Staking and Mining News

U.S. House Takes First Step on Crypto Tax Bill

U.S. House Takes First Step on Crypto Tax Bill

The Digital Asset Tax Certainty Act is meant to bring clarity to staking, mining, wash sales, and small transactions. The committee will discuss the proposal on Wednesday, but legislation this year looks unlikely.

Staking and mining are ways blockchains secure transactions and issue new coins.

In mining, computers provide computing power, while staking works with locked-up coins. Both methods help secure the network and can generate rewards.