PANews, June 22 — According to an open letter released by The Blockchain Association, multiple crypto and blockchain-related organizations have written to U.S. House Ways and Means Committee Chairman Jason Smith and Ranking Member Richard Neal, supporting the passage of H.R. 9175, the "Tax Clarity for Mining and Staking Act," introduced by Representative Mike Carey, in its original form. The joint letter states that the bill provides a compromise solution under the "self-created assets" tax framework by establishing clear timing and character for the taxation of PoW mining and PoS staking rewards, avoiding immediate taxation on unrealized "paper gains," reducing forced sell-offs and compliance burdens, and opposing the addition of extra provisions such as a five-year mandatory recognition requirement to the existing text. It calls on Congress to legislate promptly to stabilize tax expectations for blockchain validation activities in the United States.