🇺🇸 US Lawmakers Push to Fix Crypto Staking Taxes 🇺🇸
A bipartisan group of 18 U.S. House lawmakers is urging the IRS to revise current crypto staking tax rules before 2026, calling for an end to what they describe as “double taxation.” Under current rules, staking rewards are taxed as ordinary income upon receipt and again as capital gains when sold, creating cash-flow pressure and “phantom income,” especially during volatile markets.
Proposed reforms and draft safe harbor provisions could allow tax deferral until sale, aligning staking with traditional capital gains treatment. Lawmakers argue this would reduce burdens on individual and institutional stakers, improve long-term ROI, and encourage stronger network participation across U.S.-based blockchain ecosystems.
#USCryptoStakingTaxReview 🇺🇸 #CryptoPolicy #Blockchain #Staking #IRS $BTC
