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1️⃣ Bipartisan Push to Revise Staking Tax Rules (Before 2026)
A group of 18 U.S. House lawmakers led by Rep. Mike Carey has formally asked the IRS to revise how crypto staking rewards are taxed. They argue the current system results in double taxation, taxing rewards both when received and again when sold which many say discourages participation in network staking and innovation. The lawmakers want the IRS to update guidance before 2026 to tax rewards only at sale or disposition, aligning tax treatment more fairly with economic gain.
2️⃣ Draft Legislation Proposes Broader Crypto Tax Clarity
Alongside the double-tax issue on staking, a new bipartisan draft bill (often referred to as the Digital Asset PARITY Act) was introduced that would:
Exempt small stablecoin payments (≤$200) from capital gains taxAllow deferral of staking and mining rewards taxation for up to five yearsAim to modernize crypto tax treatment to be more consistent with how digital assets are actually used in the economy.
3️⃣ Current IRS Position Still Tax-Heavy on Staking Rewards
Under current IRS guidance (Revenue Ruling 2023-14), staking rewards are taxable as income when received, even if not sold. This has led to complaints from stakers who pay tax on “phantom income” taxable income without liquidity.
🧠 Why This Matters for Crypto Investors
🔥 Staking Reward Tax Uncertainty
Right now, U.S. stakers can owe tax on receipt of rewards, even before selling them, a burden many view as unfair and a disincentive to securing proof-of-stake networks.
⚖️ Legislative Efforts Aim to Fix It
The bipartisan push aims for tax fairness by:
Taxing staking rewards at sale, not receiptDeferring tax on staking/mining rewardsExempting small stablecoin payments from routine crypto tax headaches
📅 Potential Timeline
Lawmakers want revised IRS guidance or reform before 2026, meaning negotiations and policy discussions could intensify early next year.
📌 Bottom Line
The U.S. crypto staking tax landscape is under review, with growing political momentum to overhaul unfair tax treatment that currently penalizes stakers twice. If successful, these reforms could:
Reduce the tax burden on staking participantsEncourage broader participation in PoS networksAlign U.S. policy more closely with economic reality and innovation
Not finalized yet, but developments are active and worth watching closely.
#USCryptoStakingTaxReview

U.S. Non-Farm Payrolls: What the Latest Jobs Data Means for Markets and Fed Policy
The latest U.S. Non-Farm Payrolls (NFP) report has just been released, offering fresh insight into the health of the world’s largest economy. As one of the most closely watched macroeconomic indicators, NFP data often shapes market sentiment across equities, bonds, currencies and crypto.
This month’s release delivered mixed signals, highlighting a labor market that is still expanding, but clearly losing momentum.
📊 Key Takeaways From the Latest NFP Report
• Job creation remained positive, but at a slower pace compared to earlier in the year, signaling cooling hiring demand.
• Unemployment edged higher, reaching its highest level in several years, a sign that labor market tightness is easing.
• Job gains were uneven, with strength in sectors like healthcare and construction, while government and interest‑rate‑sensitive sectors lagged.
• Wage growth showed signs of moderation, reducing immediate inflationary pressure from the labor market.
Taken together, the data suggests the U.S. economy is decelerating gradually, rather than slipping into a sudden downturn.
🧠 What This Means for the U.S. Economy
A cooling labor market is a double‑edged sword:
On one hand, it reflects slower economic momentum, as higher borrowing costs and tighter financial conditions weigh on business expansion and hiring plans.
On the other hand, easing employment pressures can help contain inflation, especially wage‑driven inflation, which has been a major concern for policymakers over the past two years.
So far, the data points toward a soft‑landing scenario, slower growth without a sharp spike in job losses.
🏦 Implications for Federal Reserve Policy
The Federal Reserve closely monitors labor market data when setting interest rates. This latest NFP report strengthens the case for a more cautious policy stance going forward.
• A cooling job market gives the Fed greater flexibility to consider future rate cuts or extended pauses.
• However, policymakers are unlikely to act aggressively unless labor weakness becomes more pronounced or inflation continues to fall convincingly.
• Future decisions will depend heavily on upcoming data, particularly inflation, wage trends, and consumer spending.
In short, the Fed is watching for confirmation, not reacting to a single report.
📉 Market Reaction and Risk Assets
Markets responded with measured moves, reflecting uncertainty rather than panic:
• Equity and bond markets showed limited volatility as investors balanced slowing growth against potential policy easing.
• The U.S. dollar traded sideways, signaling no clear shift in rate expectations yet.
• Crypto markets continued to track broader risk sentiment, reinforcing their growing sensitivity to macroeconomic conditions.
This reaction underscores a key theme of the current cycle: macro data matters, and liquidity expectations remain a dominant driver across asset classes.
🔍 What Investors Should Watch Next
The NFP report is just one piece of the puzzle. Key upcoming factors include:
• Inflation and CPI readings
• Wage growth trends
• Federal Reserve guidance and meeting minutes
• Global growth and liquidity conditions
Until clearer signals emerge, markets may remain range‑bound, with volatility driven by data surprises rather than strong directional conviction.
📌 Final Thoughts
The latest U.S. Non‑Farm Payrolls report confirms that the labor market is cooling, not collapsing. For policymakers, it offers room to remain patient. For markets, it reinforces the importance of macro discipline in an environment where liquidity and rates still dictate direction.
As always, the question isn’t just what happened but what comes next.

#usnonfarmpayrollreport