Eighteen U.S. House representatives have urged the IRS to amend its tax regulations on cryptocurrency staking by 2026. Led by Rep. Mike Carey, the bipartisan group addressed a letter to IRS Acting Commissioner Scott Bessent, advocating for changes to the current system that results in double taxation of staking rewards. The lawmakers propose deferring taxation on staking income until the assets are sold, emphasizing that this adjustment is crucial for the equitable treatment of digital assets.
US Lawmakers Urge IRS to Revise Crypto Staking Tax Rules by 2026
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