Bipartisan Push Targets Crypto Staking Taxes in the U.S. 🇺🇸⚖️
According to ChainCatcher, 18 bipartisan U.S. lawmakers have formally urged the Internal Revenue Service (IRS) to revisit how cryptocurrency staking rewards are taxed—calling for reform by 2026.
🔑 What lawmakers want changed:
End the current “double taxation” approach
Tax staking rewards only when assets are sold, not when rewards are initially received
Align crypto staking with more traditional asset tax treatment
🗣️ Representative Mike Carey stressed that the proposal is about fairness and competitiveness, arguing that clearer and more reasonable tax rules are essential for the U.S. to remain a global leader in blockchain and digital asset innovation.
📌 Why this matters:
Under current interpretations, stakers may owe taxes on rewards before realizing any cash flow—creating friction for individuals, validators, and institutions alike. A shift to taxation at sale could:
Reduce compliance complexity
Encourage domestic staking activity
Improve regulatory clarity for long-term investors
Big picture:
This move signals growing political momentum toward crypto-friendly tax reform, with staking rules now firmly on the radar as lawmakers weigh how to balance innovation, fairness, and revenue in the digital asset economy.
