📰 NEWS: US Lawmakers Urge IRS to End Staking Double Tax!

What Happened:

A bipartisan group of 18 US House lawmakers sent a letter to the IRS, pushing to tax crypto staking rewards only when sold—not when received—to eliminate double taxation before 2026.

Impact on Crypto:

This could boost staking activity, enhancing Proof-of-Stake network security and participation.

Coins Affected:

$ETH $SOL steady, $BNB holding.

Why It Matters:

For beginners, fairer taxes mean easier earning rewards without upfront costs, making crypto more accessible.

Source: Yahoo Finance, House.gov

⚠️ Not financial advice. DYOR.

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