The White House report suggests that Bitcoin miners should only pay taxes when selling, avoiding double taxation

ChainCatcher news, according to The Block, the White House Digital Assets Working Group has suggested in a 168-page report that the IRS clarify the tax timing for Bitcoin mining income, or alternatively, tax it at the time of sale to avoid "double taxation" of "mining income tax + capital gains on sale."

BitFuFu CEO Leo Lu stated that this move could significantly reduce the tax burden on miners and accelerate the mainstream adoption of Bitcoin. Similar tax deferral proposals have already been introduced in Congress, such as H.R.8149.