U.S. Senator Todd Young has called on the IRS to reassess its 2023 tax policy on cryptocurrency staking rewards. Young, a Senate Finance Committee member, urged Treasury Secretary Scott Bessent to reconsider taxing staking rewards upon receipt rather than sale, a method critics say taxes unrealized gains and adds taxpayer uncertainty. This comes as the IRS plans to implement the global Crypto-Asset Reporting Framework (CARF) in 2027, tightening reporting on foreign crypto platform capital gains.