#USCryptoStakingTaxReview Is Double Taxation Killing Staking Innovation? 🚨
As 2025 wraps up, US lawmakers are firing shots at the IRS over crypto staking taxes. Right now, staking rewards get hit with income tax the moment you earn them, plus capital gains when you sell – talk about double dipping! 😩 A bipartisan group of 18 House reps is calling for a revamp: tax rewards ONLY at sale to ease the burden on everyday holders and boost blockchain growth.
This could be HUGE for DeFi and PoS networks. Imagine staking without the tax headache – more rewards in your pocket! But will the IRS budge before 2026? 🤔
If you're staking on Binance or elsewhere, stay compliant with tools like CoinLedger for easy reporting.a62a66 What's your take? Pro-reform or status quo? Drop your thoughts, experiences, or questions in the comments! Let's discuss how this impacts YOUR portfolio. 🔥💰#USGDPUpdate #WriteToEarnUpgrade $XRP
