Kanishka Chethiya

#USCryptoStakingTaxReview In the United States, there is a growing mobilization to review the taxation of crypto staking before 2026. A bipartisan group of 18 members of the House of Representatives urged the Internal Revenue Service (IRS) to revise the current rules that cause "double taxation": staking rewards are taxed when received and again when sold — which can discourage participation and the security of blockchain networks. Lawmakers propose that taxes be applied only at the time of the asset sale. Additionally, representatives suggest options for deferring taxes on staking and mining rewards for up to five years and exemptions for small transactions with stablecoins. This movement could impact millions of crypto investors and influence the competitiveness of the U.S. in the digital assets sector. #USCryptoStakingTaxReview