IRS and Securities Investments:
Ending the “Double Dip”?
While we're still arguing over charts, Washington has finally started doing its homework.
Eighteen bipartisan lawmakers have cornered the IRS over its absurd 2023 tax guidance.
The problem is this:
Currently, the tax authorities want to tax you twice—once when you receive the reward (as income) and again when you sell the reward (as capital gains).
This is clearly unreasonable.
Bitcoin transactions are repeatable;
that's like shearing the same sheep twice.
Why should we care?
This isn't just about “paperwork.” If the U.S. removes this tax restriction, liquidity in industries like the POS network would surge dramatically.
SOL and Ethereum would skyrocket.
This signals to institutions that staking is a legitimate, “clean” business—not a tax avoidance trap.
Conclusion:
Given this administration's push to establish the “World Capital of Cryptocurrency,” the IRS will likely have to concede.
This is undoubtedly a massive long-term positive signal for the enti.
#solana #BTC #BinanceHODLerYB #WriteToEarnUpgrade
