According to Bloomberg, bipartisan House lawmakers Max Miller and Steven Horsford are drafting a new crypto tax framework aimed at clarifying how digital assets should be taxed. One of the key proposals would exempt capital gains taxes on regulated, dollar-pegged stablecoin transactions under $200.

The framework would also allow staking and mining rewards to be taxed on a deferred basis for up to five years, rather than at the time the rewards are received. In addition, the proposal would bring digital assets under securities-related tax rules, permit eligible traders to use mark-to-market accounting, and extend wash-sale restrictions to cryptocurrencies.

If enacted, the plan would mark one of the most comprehensive efforts by U.S. lawmakers to modernize and standardize crypto taxation.