美国国税局

U.S. bipartisan lawmakers push for cryptocurrency tax reform, targeting double taxation issues on staking

Recently, a bipartisan group of U.S. lawmakers led by Republican Congressman Mike Carey officially sent a letter to Acting IRS Commissioner Scott Bessent, urging him to review and update the current cryptocurrency staking tax policy by early 2026.

The lawmakers pointed out that the current policy requires stakers to fulfill tax obligations twice on the same asset, once during the earning of staking rewards and again during the subsequent sale of the corresponding assets.

This “double taxation” model not only imposes unnecessary administrative burdens on taxpayers but also taxes unrealized gains, effectively discouraging public participation in the essential activity of maintaining the security of blockchain networks.

Legislators argue that tax administration should be based on actual economic gains, thus calling for the IRS to adjust the timing of taxation to occur only when staking rewards are sold.

Congressman Carey emphasized that this move is not only aimed at ensuring fair tax treatment for digital assets but also aligns with the government's strategic goal of strengthening the United States' leadership position in the global digital asset innovation space.

Almost simultaneously, Congressman Max Miller and Steven Horsford also proposed a discussion draft aimed at systematically reducing the tax burden on cryptocurrency users by providing a tax exemption policy for small stablecoin transactions and setting up a tax deferral option of up to five years for staking and mining rewards.

Despite the fact that the former focuses on tax law revisions while the latter offers flexible tax options; both reflect a common consensus that the current U.S. cryptocurrency tax rules at the legislative level are inhibiting industry innovation and market participation.

Overall, the core goal of this proposal is to eliminate outdated tax barriers, encourage more ordinary users to participate in staking activities, thereby strengthening the security foundation of core blockchain networks while safeguarding the United States' competitiveness in the global digital asset arena.

This trend also marks the transition of the cryptocurrency tax issue from the realm of industry advocacy to a substantive agenda of U.S. legislative reform.

#美国国税局 #质押税

📣 Attention everyone! The IRS is going to impose a major regulation on the taxation of cryptocurrency profits, and new rules will be implemented starting in 2025!

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Friends, 👋 Today we are going to talk about the new actions of the IRS, which may be related to everyone who trades in cryptocurrencies!

The IRS said that by 2024, US users can still file their own taxes, but starting in 2025, they will have to change the rules. 🔄 For example, local exchanges like Coinbase will have to start recording the token costs of each investor, and arbitrage actions must also be recorded. According to reports, these new rules will officially start in 2026!

In the past! For US users who earned money from cryptocurrencies, filing taxes was like a buffet, and they could file as much as they wanted. But after 2025 and 2026, this good life will change!

Speaking of filing taxes, I know that many users have mixed feelings. 😣 According to reports, the tax rate for this income ranges from 20% to 30%. For users who trade short-term, the tax on short-term income is as high as 30%; for long-term holding (more than one year), the tax is 20%. Who wouldn't feel heartbroken when seeing such a high tax? But I personally think that paying taxes is a matter of course and there is nothing much to say.

Moreover, having a transparent tax plan is definitely a good thing for our precious cryptocurrency in the long run. 🌟 We can't let the cryptocurrency market be hidden forever, right? If we want it to become a global hard currency, transparent regulations are a must!

The implementation of the US tax supervision strategy also reminds global investors, including Chinese community users, that cryptocurrency investment and use are no longer unregulated areas, and compliance and transparency are becoming a global trend.

#加密货币税收 #美国国税局 #投资新时代 #合规透明