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USCryptoStakingTaxReview
#USCryptoStakingTaxReview The IRS's July 2023 guidance underscores unique tax considerations for staking rewards, treating cryptocurrencies as property. As the IRS sharpens its focus on crypto transactions, U.S. stakers must understand current tax rules to ensure compliance and avoid legal issues - also see our complete US crypto tax guide. This article clarifies crypto staking taxation per IRS regulations, aiming to guide investors through this intricate area with confidence.
Understanding Staking Rewards as Income
IRS guidelines treat cryptocurrency staking rewards as income, reflecting the view of cryptocurrencies as property. Receiving staking rewards is seen as earning income from blockchain participation, taxable at the time of receipt, not sale.
Tax Implications When Rewards Are Received
Upon receipt, staking rewards are subject to income tax based on their fair market value in U.S. dollars at that time. Accurate record-keeping of the receipt date and value is essential for proper tax reporting as ordinary income.
Tax Implications When Rewards Are Sold
Selling staking rewards constitutes a taxable event, with capital gains tax due on any increase in value from the time of receipt. The length of time the rewards were held determines whether gains are short-term or long-term, affecting the tax rate.
In summary, both the receipt and sale of staking rewards come with distinct tax implications. Understanding and adhering to these guidelines is key to staying compliant with IRS rules and effectively managing your crypto taxation responsibilities. See below a screenshot of the Crypto Tax Tool Blockpit for automatic classification of staking rewards.
Staking Tax Example
Determining Fair Market Value (FMV)
When it comes to taxation of staking rewards in the U.S., accurately determining the FMV in U.S. dollars of these rewards at the time of receipt is essential.
There are several approaches to ascertain this:
Exchange Rates
If the cryptocurrency is traded on an exchange, the FMV can be established based on the going rate on the exchange at the time of receipt. It's important to use a consistent method for this valuation, especially if the reward is traded on multiple exchanges with varying rates.
Cryptocurrency Pricing Indexes
In some cases, taxpayers might use average rates from a recognized cryptocurrency pricing index to determine the FMV, especially if the staking reward is not listed on a major exchange.
Other Reasonable Methods
If neither of the above methods is feasible, the IRS allows for "any other method that provides a reasonable valuation under the circumstances."
Accurate and detailed record-keeping is here crucial for several reasons:
Tax Compliance
Proper documentation of the FMV of each staking reward at the time of receipt is necessary to comply with IRS regulations and to accurately report taxable income.
Capital Gains Calculation
These records are also vital when you sell the staked assets. To accurately calculate any capital gain or loss from the sale of staking rewards, you need to know the initial value when you received them.
Audit Preparedness
In case of an IRS audit, having detailed records with crypto portfolio trackers like Blockpit substantiates the valuations you've reported on your tax returns. By meticulously tracking the FMV of each staking reward on the day of receipt, you lay a strong foundation for compliant and stress-free crypto tax reporting
#tax #USCryptoProgress
Understanding Staking Rewards as Income
IRS guidelines treat cryptocurrency staking rewards as income, reflecting the view of cryptocurrencies as property. Receiving staking rewards is seen as earning income from blockchain participation, taxable at the time of receipt, not sale.
Tax Implications When Rewards Are Received
Upon receipt, staking rewards are subject to income tax based on their fair market value in U.S. dollars at that time. Accurate record-keeping of the receipt date and value is essential for proper tax reporting as ordinary income.
Tax Implications When Rewards Are Sold
Selling staking rewards constitutes a taxable event, with capital gains tax due on any increase in value from the time of receipt. The length of time the rewards were held determines whether gains are short-term or long-term, affecting the tax rate.
In summary, both the receipt and sale of staking rewards come with distinct tax implications. Understanding and adhering to these guidelines is key to staying compliant with IRS rules and effectively managing your crypto taxation responsibilities. See below a screenshot of the Crypto Tax Tool Blockpit for automatic classification of staking rewards.
Staking Tax Example
Determining Fair Market Value (FMV)
When it comes to taxation of staking rewards in the U.S., accurately determining the FMV in U.S. dollars of these rewards at the time of receipt is essential.
There are several approaches to ascertain this:
Exchange Rates
If the cryptocurrency is traded on an exchange, the FMV can be established based on the going rate on the exchange at the time of receipt. It's important to use a consistent method for this valuation, especially if the reward is traded on multiple exchanges with varying rates.
Cryptocurrency Pricing Indexes
In some cases, taxpayers might use average rates from a recognized cryptocurrency pricing index to determine the FMV, especially if the staking reward is not listed on a major exchange.
Other Reasonable Methods
If neither of the above methods is feasible, the IRS allows for "any other method that provides a reasonable valuation under the circumstances."
Accurate and detailed record-keeping is here crucial for several reasons:
Tax Compliance
Proper documentation of the FMV of each staking reward at the time of receipt is necessary to comply with IRS regulations and to accurately report taxable income.
Capital Gains Calculation
These records are also vital when you sell the staked assets. To accurately calculate any capital gain or loss from the sale of staking rewards, you need to know the initial value when you received them.
Audit Preparedness
In case of an IRS audit, having detailed records with crypto portfolio trackers like Blockpit substantiates the valuations you've reported on your tax returns. By meticulously tracking the FMV of each staking reward on the day of receipt, you lay a strong foundation for compliant and stress-free crypto tax reporting
#tax #USCryptoProgress
$BTC $ETH $BNB Current IRS Position (Baseline)
In the U.S., the IRS treats cryptocurrency as property — meaning most crypto activity can trigger taxable events. Staking rewards earned from proof-of-stake networks are treated as ordinary income when you gain “dominion and control” (i.e., when you can sell or transfer them). If those rewards are later sold or exchanged, you also may owe capital gains tax on the change in value since the time you received them.
Legislative & Reform Developments (2025)
🔹 Bipartisan tax reform draft in the U.S. House would create clearer tax rules for crypto — including potential deferral of staking rewards taxation and tying certain safe harbors for stablecoins, aiming to reduce the current complexity.
🔹 A group of 18 U.S. lawmakers urged the IRS to revise its 2023 crypto staking guidance to eliminate double taxation — taxing rewards only when sold rather than both when received and when sold.
🔹 Industry and some policymakers are pushing to delay or repeal current IRS staking tax rules before they fully apply for the 2026 tax year, arguing current rules are burdensome.
What This Means for Investors 🌐
✔️ You must generally report staking rewards as income in the year you receive them (fair market value).
✔️ Future legislative changes may allow deferring tax until sale — potentially lowering burden for long-term holders.
✔️ Keeping detailed records of reward timestamps and values is critical for correct reporting under current IRS rules.
Bottom Line:
U.S. crypto staking taxation in 2025 is still treated as income at receipt, but significant legislative pressure exists to reform this rule. The tax landscape may shift in 2026 if new frameworks or IRS guidance are adopted.
#USCryptoStakingTaxReview #USCrypto #tax #USCryptoStakingTaxReview #USGovernment
In the U.S., the IRS treats cryptocurrency as property — meaning most crypto activity can trigger taxable events. Staking rewards earned from proof-of-stake networks are treated as ordinary income when you gain “dominion and control” (i.e., when you can sell or transfer them). If those rewards are later sold or exchanged, you also may owe capital gains tax on the change in value since the time you received them.
Legislative & Reform Developments (2025)
🔹 Bipartisan tax reform draft in the U.S. House would create clearer tax rules for crypto — including potential deferral of staking rewards taxation and tying certain safe harbors for stablecoins, aiming to reduce the current complexity.
🔹 A group of 18 U.S. lawmakers urged the IRS to revise its 2023 crypto staking guidance to eliminate double taxation — taxing rewards only when sold rather than both when received and when sold.
🔹 Industry and some policymakers are pushing to delay or repeal current IRS staking tax rules before they fully apply for the 2026 tax year, arguing current rules are burdensome.
What This Means for Investors 🌐
✔️ You must generally report staking rewards as income in the year you receive them (fair market value).
✔️ Future legislative changes may allow deferring tax until sale — potentially lowering burden for long-term holders.
✔️ Keeping detailed records of reward timestamps and values is critical for correct reporting under current IRS rules.
Bottom Line:
U.S. crypto staking taxation in 2025 is still treated as income at receipt, but significant legislative pressure exists to reform this rule. The tax landscape may shift in 2026 if new frameworks or IRS guidance are adopted.
#USCryptoStakingTaxReview #USCrypto #tax #USCryptoStakingTaxReview #USGovernment
🚨 US Lawmakers vs IRS: Crypto Staking Tax Battle! 🚨
✍️ (POST) MONDAY 22 December 2025
The crypto community in the United States is buzzing after a major move by 18 bipartisan lawmakers who have officially called on the IRS to review and fix staking tax rules.
👉 What’s the issue?
Right now, the IRS taxes staking rewards twice:
- First, when you receive the reward.
- Then again, when you sell it.
This “double taxation” has been labeled unfair, burdensome, and anti-innovation by lawmakers. They argue that staking rewards should only be taxed once—at the time of sale.
🔥 Why does it matter?
- Double taxation discourages U.S. investors from staking.
- It weakens blockchain security (since staking = network strength).
- It pushes innovation and capital outside the U.S..
💡 Lawmakers are demanding that the IRS act before 2026, otherwise the current rules will continue to choke staking growth.
---
📊 Impact on Crypto Markets
- Positive Sentiment: If IRS changes the rule, staking becomes more attractive → more ETH, SOL, ADA locked in.
- Investor Relief: Retail and institutional players will finally get clarity and fairness.
- Global Signal: The U.S. embracing staking-friendly tax rules could set a precedent worldwide.
---
🗣️ Voices from the Community
Crypto advocates are celebrating this push, calling it a “win for fairness and innovation.” Traders believe this could be the spark for a new staking boom in the U.S.
Meanwhile, skeptics warn that the IRS may drag its feet, leaving investors in limbo until 2026.
👉Crypto Stakers Could Get Tax Relief Before 2026⁉️#BTCWhalesMoveToETH #CPIWatch $BTC
#USCryptoStakingTaxReview
#BTCWhalesMoveToETH #tax
✍️ (POST) MONDAY 22 December 2025
The crypto community in the United States is buzzing after a major move by 18 bipartisan lawmakers who have officially called on the IRS to review and fix staking tax rules.
👉 What’s the issue?
Right now, the IRS taxes staking rewards twice:
- First, when you receive the reward.
- Then again, when you sell it.
This “double taxation” has been labeled unfair, burdensome, and anti-innovation by lawmakers. They argue that staking rewards should only be taxed once—at the time of sale.
🔥 Why does it matter?
- Double taxation discourages U.S. investors from staking.
- It weakens blockchain security (since staking = network strength).
- It pushes innovation and capital outside the U.S..
💡 Lawmakers are demanding that the IRS act before 2026, otherwise the current rules will continue to choke staking growth.
---
📊 Impact on Crypto Markets
- Positive Sentiment: If IRS changes the rule, staking becomes more attractive → more ETH, SOL, ADA locked in.
- Investor Relief: Retail and institutional players will finally get clarity and fairness.
- Global Signal: The U.S. embracing staking-friendly tax rules could set a precedent worldwide.
---
🗣️ Voices from the Community
Crypto advocates are celebrating this push, calling it a “win for fairness and innovation.” Traders believe this could be the spark for a new staking boom in the U.S.
Meanwhile, skeptics warn that the IRS may drag its feet, leaving investors in limbo until 2026.
👉Crypto Stakers Could Get Tax Relief Before 2026⁉️#BTCWhalesMoveToETH #CPIWatch $BTC
#USCryptoStakingTaxReview
#BTCWhalesMoveToETH #tax
US Crypto Staking Tax Review
In the U.S., the IRS currently treats crypto staking rewards as ordinary income at the time you gain "dominion and control" over the assets, such as when they become transferable or spendable. A separate capital gains tax applies when the rewards are later sold or otherwise disposed of.
Current Tax Rules
Income Recognition: You must report the fair market value (FMV) of the staking rewards in U.S. dollars at the precise date and time you receive control over them. This amount is subject to your standard income tax rate.
Double Taxation Argument: Lawmakers and industry experts have criticized this approach, arguing it results in "double taxation" (once on receipt as income, and again on disposal as a capital gain) and creates significant administrative burdens for taxpayers.
Capital Gains: When you eventually sell, trade, or spend your staked rewards, you will incur a capital gain or loss based on the difference between the FMV at the time you originally received them (your cost basis) and the price at disposal.
Reporting: Individual taxpayers typically report staking income on Form 1040, Schedule 1 as "Other Income". If you dispose of the assets, you report the details on Form 8949 and summarize on Schedule D. Businesses report on Schedule C, which allows for deducting related expenses.
Legislative and Legal Review
Lawmaker Push for Reform: A bipartisan group of U.S. House lawmakers recently urged the IRS to revise its guidance before the 2026 tax year. They propose taxing staking rewards only at the time of sale to align with actual economic gain and reduce administrative complexity.
Ongoing Court Case: The legal challenge in Jarrett v. United States is ongoing, with taxpayers arguing that newly created tokens are self-created property and should only be taxed upon sale, similar to how mined minerals or harvested crops are treated. The IRS previously issued a refund in the initial case to make it moot but the taxpayers filed a new lawsuit in October 2024 to seek a final judicial ruling on the matter.
New Reporting Forms: Starting in 2026, custodial platforms will be required to issue a new Form 1099-DA to report digital asset sales and income, including staking rewards, which will increase scrutiny on reporting.
For the most accurate and up-to-date information, taxpayers should consult with a qualified crypto tax professional or refer to official IRS guidance available on the IRS website.
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#uscryptostakingtaxreview #US #crypto #staking #tax $BTC $ETH $BNB
Current Tax Rules
Income Recognition: You must report the fair market value (FMV) of the staking rewards in U.S. dollars at the precise date and time you receive control over them. This amount is subject to your standard income tax rate.
Double Taxation Argument: Lawmakers and industry experts have criticized this approach, arguing it results in "double taxation" (once on receipt as income, and again on disposal as a capital gain) and creates significant administrative burdens for taxpayers.
Capital Gains: When you eventually sell, trade, or spend your staked rewards, you will incur a capital gain or loss based on the difference between the FMV at the time you originally received them (your cost basis) and the price at disposal.
Reporting: Individual taxpayers typically report staking income on Form 1040, Schedule 1 as "Other Income". If you dispose of the assets, you report the details on Form 8949 and summarize on Schedule D. Businesses report on Schedule C, which allows for deducting related expenses.
Legislative and Legal Review
Lawmaker Push for Reform: A bipartisan group of U.S. House lawmakers recently urged the IRS to revise its guidance before the 2026 tax year. They propose taxing staking rewards only at the time of sale to align with actual economic gain and reduce administrative complexity.
Ongoing Court Case: The legal challenge in Jarrett v. United States is ongoing, with taxpayers arguing that newly created tokens are self-created property and should only be taxed upon sale, similar to how mined minerals or harvested crops are treated. The IRS previously issued a refund in the initial case to make it moot but the taxpayers filed a new lawsuit in October 2024 to seek a final judicial ruling on the matter.
New Reporting Forms: Starting in 2026, custodial platforms will be required to issue a new Form 1099-DA to report digital asset sales and income, including staking rewards, which will increase scrutiny on reporting.
For the most accurate and up-to-date information, taxpayers should consult with a qualified crypto tax professional or refer to official IRS guidance available on the IRS website.
"Place a trade with us via this post mentioned coin's & do support to reach maximum audience by follow, like, comment, share, repost, more such informative content ahead"
#uscryptostakingtaxreview #US #crypto #staking #tax $BTC $ETH $BNB
🔥Breaking news : U.S. Lawmakers Propose Major Tax Relief for Crypto
A new draft bill from U.S. Representatives could significantly lower the tax burden for everyday crypto users and miners.
Key Proposals:
Stablecoin Tax Exemption: No capital gains tax on small stablecoin transactions under $200, provided the asset is USD-pegged and issued under the GENIUS Act.
Staking/Mining Deferral: Taxes on staking and mining rewards could be deferred for up to 5 years, solving the "phantom income" problem of being taxed on unrealized rewards.
Other Clarity: Applies wash sale rules to crypto and allows mark-to-market accounting for traders.
Industry Backing:
The move follows a letter from the Blockchain Association (signed by 125+ companies) opposing restrictive stablecoin rules, arguing they stifle innovation and favor big banks.
This is one of the most pragmatic pro-crypto tax proposals to emerge in the U.S. It aims to make crypto viable for daily payments and support network validators—key steps toward mainstream adoption.
Will this bill finally provide the clarity U.S. crypto needs?
$FOLKS
$ACT
$USDT #tax #stablecoin #USNonFarmPayrollReport
A new draft bill from U.S. Representatives could significantly lower the tax burden for everyday crypto users and miners.
Key Proposals:
Stablecoin Tax Exemption: No capital gains tax on small stablecoin transactions under $200, provided the asset is USD-pegged and issued under the GENIUS Act.
Staking/Mining Deferral: Taxes on staking and mining rewards could be deferred for up to 5 years, solving the "phantom income" problem of being taxed on unrealized rewards.
Other Clarity: Applies wash sale rules to crypto and allows mark-to-market accounting for traders.
Industry Backing:
The move follows a letter from the Blockchain Association (signed by 125+ companies) opposing restrictive stablecoin rules, arguing they stifle innovation and favor big banks.
This is one of the most pragmatic pro-crypto tax proposals to emerge in the U.S. It aims to make crypto viable for daily payments and support network validators—key steps toward mainstream adoption.
Will this bill finally provide the clarity U.S. crypto needs?
$FOLKS
$ACT
$USDT #tax #stablecoin #USNonFarmPayrollReport
See original
🇺🇸 In the USA, new tax rules for crypto are being prepared
Congress members have proposed a law that could make the use of cryptocurrencies in everyday life much more convenient.
What will change:
🔹 Stablecoins without taxes on small purchases
If you pay with regulated stablecoins and the amount is less than $200 — the capital gains tax does not apply. This means you can buy coffee without unnecessary bureaucracy.
🔹 Taxes on staking and mining — later
Instead of paying tax immediately after receiving rewards, it can be deferred for up to 5 years. This addresses the problem of having to pay tax on "paper" income before selling the asset.
🔹 New rules for the crypto market — like for securities
The same rules that apply to stocks are proposed to be extended to crypto assets: you cannot sell an asset at a loss and immediately buy it back to artificially lower taxes and assess assets at their real market price, rather than at the old value.
Currently, in the USA, every crypto transaction is considered a sale of property, which creates a lot of paperwork. New rules could be a catalyst for the mass adoption of cryptocurrencies in 2025–2026.
#USA #Stablecoins #Staking #Tax
Congress members have proposed a law that could make the use of cryptocurrencies in everyday life much more convenient.
What will change:
🔹 Stablecoins without taxes on small purchases
If you pay with regulated stablecoins and the amount is less than $200 — the capital gains tax does not apply. This means you can buy coffee without unnecessary bureaucracy.
🔹 Taxes on staking and mining — later
Instead of paying tax immediately after receiving rewards, it can be deferred for up to 5 years. This addresses the problem of having to pay tax on "paper" income before selling the asset.
🔹 New rules for the crypto market — like for securities
The same rules that apply to stocks are proposed to be extended to crypto assets: you cannot sell an asset at a loss and immediately buy it back to artificially lower taxes and assess assets at their real market price, rather than at the old value.
Currently, in the USA, every crypto transaction is considered a sale of property, which creates a lot of paperwork. New rules could be a catalyst for the mass adoption of cryptocurrencies in 2025–2026.
#USA #Stablecoins #Staking #Tax
BNB
Holding
Cumulative PNL
-0.09 USDT
nam27d:
ти моя курочка 😘
🔥Breaking U.S. Tax Debate: Will Bitcoin Be Left Out of Exemptions?🔥
A key legislative debate is heating up in the U.S.: a proposed de minimis tax exemption for crypto transactions under $300 may exclude Bitcoin.
The Conflict:
Senator Cynthia Lummis’ bill proposes tax relief for small crypto transactions, charitable donations, and mining/staking rewards.
The Bitcoin Policy Institute warns the current focus may limit exemptions to stablecoins only, calling this a "significant oversight."
Critics argue stablecoins, designed for stability, don’t need the exemption as much as volatile assets like $BTC .
Bitcoin:
Without this exemption:
🔸 Every small Bitcoin purchase (coffee, groceries) remains a taxable event.
🔸 This discourages Bitcoin as a medium of exchange, pushing it further toward store-of-value only.
🔸 The vision of peer-to-peer electronic cash becomes harder to realize on-chain.
The Lightning Network Solution:
While high fees and tax complexity hinder on-chain payments, the Lightning Network enables fast, cheap Bitcoin transactions—a practical workaround today.
Bottom Line: Regulatory clarity can shape how Bitcoin is used, not just how it’s held.
Should Bitcoin receive the same small-transaction tax break as stablecoins?
$BTC
$jellyjelly
$HMSTR #USNonFarmPayrollReport #BTC #tax
A key legislative debate is heating up in the U.S.: a proposed de minimis tax exemption for crypto transactions under $300 may exclude Bitcoin.
The Conflict:
Senator Cynthia Lummis’ bill proposes tax relief for small crypto transactions, charitable donations, and mining/staking rewards.
The Bitcoin Policy Institute warns the current focus may limit exemptions to stablecoins only, calling this a "significant oversight."
Critics argue stablecoins, designed for stability, don’t need the exemption as much as volatile assets like $BTC .
Bitcoin:
Without this exemption:
🔸 Every small Bitcoin purchase (coffee, groceries) remains a taxable event.
🔸 This discourages Bitcoin as a medium of exchange, pushing it further toward store-of-value only.
🔸 The vision of peer-to-peer electronic cash becomes harder to realize on-chain.
The Lightning Network Solution:
While high fees and tax complexity hinder on-chain payments, the Lightning Network enables fast, cheap Bitcoin transactions—a practical workaround today.
Bottom Line: Regulatory clarity can shape how Bitcoin is used, not just how it’s held.
Should Bitcoin receive the same small-transaction tax break as stablecoins?
$BTC
$jellyjelly
$HMSTR #USNonFarmPayrollReport #BTC #tax
Crypto Tax Pressure Mounts: Congress Faces Calls to Rewrite Rules
The United States is under mounting pressure to rethink its outdated tax code for cryptocurrencies. According to Senator Mike Crapo of Idaho, the situation is becoming urgent—regulatory uncertainty is harming competitiveness, stifling innovation, and prompting capital and talent to relocate abroad.
Senator Crapo Warns: Tax Confusion Undermines U.S. Leadership and Revenue
In a public statement on December 15, Senator Crapo—ranking member of the Senate Finance Committee—highlighted the widespread confusion and compliance issues surrounding crypto taxation. He recalled that Congress had requested clarity over two years ago, in collaboration with Senator Ron Wyden. Industry responses, Crapo said, revealed a broken system.
“Persistent tax uncertainty makes the U.S. a less attractive place for business. It harms not just innovation, but tax compliance itself,” Crapo warned.
Risk of Capital Flight
Crapo stressed that if lawmakers don’t act soon, American crypto companies may move to jurisdictions with clearer, more favorable regulations. He also noted the lack of clarity around stablecoins, pointing out that even after the passage of the GENIUS Act, many crypto transactions remain legally undefined under current tax laws.
Coinbase Also Backs Tax Reform
Crapo referenced an October Senate hearing where Lawrence Zlatkin, global VP of Tax at Coinbase, warned that relying solely on IRS guidance is no longer viable. According to Zlatkin, clear legislation is urgently needed to provide certainty to businesses and investors operating in the digital asset space.
Trump Administration Started the Conversation — Now Congress Must Act
Crapo reminded the public that the Trump administration had kickstarted the discussion around crypto tax reform by establishing a presidential task force on digital markets in its first week in office. That task force later issued a report titled “Strengthening American Leadership in Digital Finance,” which included specific legislative recommendations on crypto taxation.
What’s at Stake?
Crapo warned that failure to modernize the tax code could have serious consequences:
U.S. companies may innovate elsewhereInvestors could divert capital offshoreAmerica risks losing its technological edgeAnd the Treasury stands to lose substantial federal revenue
“Our tax code must evolve. Crypto products are diverse and fast-moving—they can’t be forced into outdated categories,” Crapo concluded.
“It’s time for action.”
#USPolitics , #tax , #Stablecoins , #DigitalAssets , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Senator Crapo Warns: Tax Confusion Undermines U.S. Leadership and Revenue
In a public statement on December 15, Senator Crapo—ranking member of the Senate Finance Committee—highlighted the widespread confusion and compliance issues surrounding crypto taxation. He recalled that Congress had requested clarity over two years ago, in collaboration with Senator Ron Wyden. Industry responses, Crapo said, revealed a broken system.
“Persistent tax uncertainty makes the U.S. a less attractive place for business. It harms not just innovation, but tax compliance itself,” Crapo warned.
Risk of Capital Flight
Crapo stressed that if lawmakers don’t act soon, American crypto companies may move to jurisdictions with clearer, more favorable regulations. He also noted the lack of clarity around stablecoins, pointing out that even after the passage of the GENIUS Act, many crypto transactions remain legally undefined under current tax laws.
Coinbase Also Backs Tax Reform
Crapo referenced an October Senate hearing where Lawrence Zlatkin, global VP of Tax at Coinbase, warned that relying solely on IRS guidance is no longer viable. According to Zlatkin, clear legislation is urgently needed to provide certainty to businesses and investors operating in the digital asset space.
Trump Administration Started the Conversation — Now Congress Must Act
Crapo reminded the public that the Trump administration had kickstarted the discussion around crypto tax reform by establishing a presidential task force on digital markets in its first week in office. That task force later issued a report titled “Strengthening American Leadership in Digital Finance,” which included specific legislative recommendations on crypto taxation.
What’s at Stake?
Crapo warned that failure to modernize the tax code could have serious consequences:
U.S. companies may innovate elsewhereInvestors could divert capital offshoreAmerica risks losing its technological edgeAnd the Treasury stands to lose substantial federal revenue
“Our tax code must evolve. Crypto products are diverse and fast-moving—they can’t be forced into outdated categories,” Crapo concluded.
“It’s time for action.”
#USPolitics , #tax , #Stablecoins , #DigitalAssets , #CryptoNews
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
JAPAN TAX REFORM DELAYED: 55% Crypto Rate Stays Until 2028 $BTC 🚨
The highly anticipated shift in Japanese crypto taxation has hit a major roadblock. Sources confirm that the move to a stock-like "separate taxation" system—which would slash the tax rate from a crippling 55% down to a flat 20%—is now pushed back to January 1, 2028.
The market had priced in a 2027 rollout alongside the revised Financial Instruments Act. However, the government is prioritizing investor protection and wants to fully observe the impact of existing financial regulations first. This means $BTC and $SOL gains in Japan will remain classified as "miscellaneous income" for the foreseeable future, subjecting investors to marginal tax rates that can exceed half their profits. This delay dampens immediate hopes for a massive influx of capital driven by tax relief. 📉
#Japan
#CryptoRegulation
#Tax
#BTC
🛑
The highly anticipated shift in Japanese crypto taxation has hit a major roadblock. Sources confirm that the move to a stock-like "separate taxation" system—which would slash the tax rate from a crippling 55% down to a flat 20%—is now pushed back to January 1, 2028.
The market had priced in a 2027 rollout alongside the revised Financial Instruments Act. However, the government is prioritizing investor protection and wants to fully observe the impact of existing financial regulations first. This means $BTC and $SOL gains in Japan will remain classified as "miscellaneous income" for the foreseeable future, subjecting investors to marginal tax rates that can exceed half their profits. This delay dampens immediate hopes for a massive influx of capital driven by tax relief. 📉
#Japan
#CryptoRegulation
#Tax
#BTC
🛑
The government when you lose money in crypto:
I told you it's risky and volatile🤯
The government when you make profit in crypto🤑🤑
TAX😅
#XSuperApp #tax #CryptocurrencyWealth
$ETH $MASK $BMT
I told you it's risky and volatile🤯
The government when you make profit in crypto🤑🤑
TAX😅
#XSuperApp #tax #CryptocurrencyWealth
$ETH $MASK $BMT
Trump Highlights Challenges in U.S.-Europe Trade Relations
According to BlockBeats, U.S. President Donald Trump has stated that while relations with Europe remain positive, the trade situation is challenging. Europe has imposed heavy taxes and has taken legal action against American companies. The continent has maintained a firm stance on trade issues.
#tax #Europe #TRUMP
#tax #Europe #TRUMP
See original
A new escalation in the trade war.. Trump signs tariff letters for 12 countries! 🚨 $BANANAS31 $BTC $SOL
In a new escalatory move, President Donald Trump announced that he personally signed letters imposing new tariffs targeting 12 countries around the world. 🇺🇸
He confirmed that these official letters will be sent on Monday, turning threats into tangible reality, putting the world on alert for the reactions of the targeted countries.
#TRUMP #tax #BTCWhaleMovement #NFPWatch #BTC
In a new escalatory move, President Donald Trump announced that he personally signed letters imposing new tariffs targeting 12 countries around the world. 🇺🇸
He confirmed that these official letters will be sent on Monday, turning threats into tangible reality, putting the world on alert for the reactions of the targeted countries.
#TRUMP #tax #BTCWhaleMovement #NFPWatch #BTC
In the Indian tax system, can crypto futures losses be set off against crypto futures profits? (while filing tax)
What's your view..??
#Binance #CryptoTaxation #tax #BTC #ETH
What's your view..??
#Binance #CryptoTaxation #tax #BTC #ETH
🇮🇳#India to #Tax Offshore Crypto from 2027
From April 1, 2027, India will implement the OECD’s Reporting #Framework (CARF).
This means offshore crypto holdings of Indian residents will come under the tax net.
From April 1, 2027, India will implement the OECD’s Reporting #Framework (CARF).
This means offshore crypto holdings of Indian residents will come under the tax net.
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