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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • September 16, 2026

ABA Applauds Ways and Means Committee Adjustments to Digital Asset Tax Package

“ABA thanks Chairman Jason Smith and the Ways and Means Committee for removing the staking and mining deferral provision from the digital asset tax package that passed out of committee today. Taxing similar income the same way, regardless of the asset that produces it, is a bedrock principle of a fair tax code. That principle matters even more here because bank deposits fund local lending to small businesses, while crypto holdings do not. A tax advantage for crypto wouldn't just break with tax parity — it would pull capital away from the activity that has the greatest impact on local economies.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.

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