The U.S. crypto tax landscape may be heading for a major shake-up โ and stakers are watching closely.
๐จ Whatโs the Big News?
U.S. lawmakers are reviewing how crypto staking rewards are taxed, responding to growing criticism that current rules unfairly double-tax crypto users.
Right now, the IRS treats staking rewards as:
๐ฐ Income when received
๐ Capital gains again when sold
This means stakers often pay tax twice โ even if they never cash out.
๐๏ธ Lawmakers Step In
A bipartisan group of U.S. lawmakers has urged the IRS to update staking tax rules before 2026, arguing that:
Staking rewards are newly created assets, not traditional income
Taxes should apply only when rewards are sold, not when earned
If approved, this would align crypto staking more closely with how other assets are taxed.
๐ Possible Changes Being Discussed
โ Tax staking rewards at sale, not at receipt
โ Reduce reporting complexity for everyday users
โ Encourage participation in Proof-of-Stake networks
โ Support long-term crypto innovation in the U.S.
๐ผ What It Means for Crypto Users
No immediate change yet โ current IRS rules still apply
Binance.US and other U.S. platforms continue reporting staking income
Any reform would likely impact future tax years (2026 onward)
Still, this review signals a more crypto-friendly shift in U.S. policy.
๐ฎ Why This Matters
Staking is a core part of Web3. Fair taxation could:
Boost network security
Attract more retail investors
Reduce fear around earning passive crypto income
The message from lawmakers is clear: crypto tax rules need modernization.
๐ข Stay tuned โ this could be one of the most important crypto tax updates in years.
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