[U.S. House Bipartisan Lawmakers Propose Legislation to Establish Tax Safe Harbor for Stablecoins and Staking Rewards] Bipartisan lawmakers in the U.S. House of Representatives are drafting a cryptocurrency tax framework aimed at providing safe harbor for certain stablecoin transactions and deferring taxation on blockchain validation rewards. Ohio Republican Representative Max Miller and Nevada Democratic Representative Steven Horsford are drafting the bill, which seeks to align cryptocurrency taxation methods with those of traditional securities. The bill proposes exempting capital gains tax on regulated stablecoin transactions where the value remains between $0.99 and $1.01 over time. It also aims to establish safe harbor rules for staking and mining rewards earned through blockchain transaction validation. Additionally, the bill would integrate cryptocurrencies into the tax system that covers securities and certain commodity transactions. Capital gains tax exemptions currently enjoyed by foreign investors and securities lending investors conducting securities transactions through domestic third parties would also apply to digital assets.