U.S. Representatives Drew Ferguson and Wiley Nickel have introduced the bipartisan Providing Tax Clarity for Digital Assets Act, identified as H.R. 8149, aimed at clarifying the taxation of digital assets. The bill proposes that digital asset rewards, including block rewards from mining and staking, be taxed at the point of sale rather than at the point of acquisition. This legislation specifically addresses the taxation of block rewards from both mining and staking, codifying staking rewards as 'created property.' The introduction of this bill is seen as a significant step towards fostering innovation, boosting investor confidence, and preventing businesses from relocating overseas due to ambiguous tax regulations.