A group of 18 bipartisan US House lawmakers is urging the Internal Revenue Service (IRS) to review and update crypto staking tax rules ahead of 2026.


In a letter to acting IRS Commissioner Scott Bessent, led by Republican Mike Carey, the lawmakers argued that current regulations are overly burdensome and result in the double taxation of staking rewards. They proposed taxing staking rewards only at the point of sale, so taxpayers are assessed based on their actual economic gains.


The group said taxing rewards upon receipt and again upon sale discourages participation in staking, despite its critical role in securing many blockchain networks. The letter also framed the proposed changes as aligned with the broader goal of strengthening US leadership in digital asset innovation.


Separately, other lawmakers have introduced proposals to ease crypto tax obligations, including exemptions for small stablecoin transactions and options to defer income recognition on staking or mining rewards for a limited period.