#uscryptostakingtaxreview 📢【US Cryptocurrency Staking Tax Reform Enters Deep Waters】
The US Congress and regulators are continuously pushing for reforms to the tax rules concerning cryptocurrency staking rewards. The current system requires rewards to be taxed as income when received, and then again as capital gains tax upon sale, which has been criticized as double taxation.
🔍 Focus of Reform
Congressional Pressure: Bipartisan lawmakers are jointly requesting the IRS to revise the rules by 2026.
Direction of Reform:
Taxation on rewards only upon sale, avoiding double taxation.
Aligning with the tax treatment of traditional investment tools.
Supporting Measures: Proposals also include tax exemption for small stablecoin transactions (below $200), and delayed taxation on staking/mining rewards.
📈 Potential Impact
Investors: Clearer tax treatment, reduced compliance burden.
Industry: Reforms help maintain the US's competitiveness in the cryptocurrency field, reducing capital and talent outflow.
Short-term Risks: Reforms have not yet been finalized, and current rules must still be followed.
📝 Summary
US cryptocurrency staking taxes are at a critical review stage. If reforms are implemented, taxing rewards only upon sale will significantly improve the investor experience and promote the healthy development of the cryptocurrency industry.
