US EditionUS Lawmakers Push to Fix Staking ‘Double Taxation’ Before 2026
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.7 Articles
7 Articles
US Lawmakers Urge IRS to End Crypto Staking Double Taxation Before 2026
Eighteen members of the U.S. House of Representatives from both parties have called on the Internal Revenue Service (IRS) to review its rules on staking rewards. This is a big step towards changing the way Bitcoin taxes work. Critics say that the crypto sector is unfairly taxed twice, and this decision comes at a time when those worries are mounting. Bipartisan Letter Asks IRS to Look Into The lawmakers, led by Republican Representative Mike Car…
House Republicans Urge IRS to Overhaul Crypto Staking Tax Rules—Before 2025 Ends
In brief House Republicans are pushing the IRS to scrap a 2023 rule that taxes all crypto staking rewards as income. They argue staking rewards, which are generated by proof-of-stake networks, should only be taxed when sold off. The IRS rule, which the Trump administration has supported overhauling, locks in for the 2026 tax year in just 12 days. A cohort of Republican House members is pushing the Trump administration to change tax rules on cryp…
US Lawmakers Push to Fix Crypto Staking Taxes Before 2026 Deadline
The US lawmakers are hastening the process of reforming the taxation of crypto staking by the year 2026. The change in the taxation of staking rewards has already been petitioned by a bipartisan coalition of 18 members of the House of Representatives headed by Mike Carey. They claim that the existing system does not fully reward the participants in the proof-of-stake systems. The Essential Point of Contention: Double Taxation The controversy rev…
US lawmakers urge IRS to end double taxation on crypto staking before 2026
18 bipartisan U.S. House lawmakers have urged the Internal Revenue Service to reexamine the country’s taxation laws on cryptocurrency staking. Led by Republican Representative Mike Carey, the group has sent a letter to IRS acting Commissioner Scott Bessent, requesting a…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
