$BTC $XRP $SOL 🎯 Important News:

The Department of the Treasury and the IRS published the "Revenue Procedure 2025-31", which creates a safe harbor for ETFs and crypto trusts to participate in staking and distribute rewards to investors in a tax and regulatory compliant manner. ✨🔒

Key points:

Official approval: staking is recognized as a tax-compliant activity for regulated investment products in the U.S. ✅📜

Safe harbor for ETFs: managers holding PoS assets (e.g., ETH, SOL) can stake and distribute rewards to retail investors. 🪙➡️👥

Requirements to qualify: qualified custodian; only eligible crypto and cash in custody; staking on public permissionless networks; adequate liquidity; distribution of rewards at least quarterly. 🏦🔐📈

Tax treatment: staking rewards are considered ordinary income at the time of receipt. 💵🧾

Impact:

Estimated capital influx: between $3 billion and $6 billion potential towards PoS networks. 💸📊

Institutional integration: facilitates adoption by traditional investors and may offer annual returns of up to ~7% in some cases. 🏛️📈

Timeline:

Existing ETPs have 9 months to update fiduciary structures and custody agreements; staking could be activated in existing funds by mid-2026. ⏳⚙️