PANews, June 23 – According to Cointelegraph, three major crypto lobbying organizations — the Blockchain Association, the Crypto Council for Innovation, and the Digital Chamber — have jointly sent a letter to the U.S. Congress, urging the passage of the "Mining and Staking Tax Clarity Act" as-is, without further amendments. The bill allows miners and stakers to choose whether to pay taxes when they receive crypto rewards or when they sell the assets, aiming to address liquidity issues caused by "taxation on phantom income." Democratic Representative Steven Horsford proposed an amendment that would limit the deferral of crypto reward taxation to five years, but the CEO of the Crypto Council for Innovation stated that the amendment would "undermine" the bill and generate only "negligible revenue." The American Bankers Association opposes the bill, claiming it gives cryptocurrency a "significant advantage," while crypto lobbying groups argue that renegotiating a compromise already reached would "resurrect the very problems the bill seeks to solve."