U.S. Representatives Max Miller and Steven Horsford are drafting a bipartisan crypto tax framework that proposes exempting capital gains tax on compliant stablecoin transactions under $200. The draft also suggests a tax deferral option of up to five years for staking and mining rewards. Additionally, the framework aims to integrate crypto assets into securities-related tax rules, allowing eligible traders to use mark-to-market accounting and extending wash sale rules to digital assets to tighten tax treatment on short-term trades.