Deon Cheney u60g

🇺🇸 #USCryptoStakingTaxReview – What’s Changing? A bipartisan group of 18 U.S. lawmakers is urging the IRS to end double taxation on crypto staking rewards before the 2026 tax year. Their proposal? Tax staking rewards only when sold, not when earned — aligning crypto with traditional asset taxation. --- 🔍 What’s the Issue? Under current IRS rules: - Staking rewards are taxed twice — first when received, then again when sold. - This creates paper income without actual gains. - It discourages staking and weakens blockchain participation. --- 🧠 What Lawmakers Want - Tax deferral until staking rewards are sold. - Safe harbor for stablecoin payments under $200. - Updated IRS guidance to reflect real economic activity. Rep. Mike Carey leads the push, calling current rules “burdensome” and “outdated.” Industry leaders support the move to protect U.S. crypto innovation. --- 📌 Why It Matters - Fair taxation = more staking = stronger networks. - U.S. leadership in crypto depends on clear, practical rules. - This could reshape how DeFi, ETH staking, and validator income are treated. --- 🗳️ What’s Next? If passed, changes apply to tax years starting Jan 1, 2026. The crypto community is watching closely — this could be a turning point for staking adoption. --- 📣 Drop your thoughts below. Should staking rewards be taxed only when sold?