📢 #USCryptoStakingTaxReview
A Turning Point for U.S. Crypto Policy?
Big moves in Washington! 🇺🇸 A bipartisan group of 18 lawmakers is urging the IRS to end the double taxation of crypto staking rewards. Currently, stakers are taxed twice—once when rewards are received and again when sold. This outdated model is under fire for stifling innovation and overburdening crypto users.
The proposed reforms aim to:
🔹 Tax staking rewards only upon sale
🔹 Defer taxes on staking/mining for up to 5 years
🔹 Exempt stablecoin payments under $200
This could be a game-changer for U.S. crypto competitiveness and #DeFi growth. With the #IRS reviewing its stance before 2026, the crypto community is watching closely.
🗳️ Should staking rewards be taxed only once—at sale?
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