Raghav 21
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Raghav 21
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USCryptoStakingTaxReview
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American lawmakers urge the Internal Revenue Service to review cryptocurrency staking tax rules by 2026
According to Shane Catcher, a group of 18 bipartisan lawmakers from the United States sent a joint letter to the Internal Revenue Service (IRS), advocating for changes to the current tax regulations on cryptocurrency staking. Lawmakers are calling on the IRS to amend the 'double taxation' rule by 2026, suggesting that taxes should only be applied when selling the staked assets rather than at the moment the rewards are received. Representative Mike Carey stated that this initiative aims to ensure fair tax treatment for digital assets and to enhance American leadership in blockchain innovation.$BTC
$BTC #USCryptoStakingTaxReview #USChinaDeal #BinanceHODLerMorpho #BinanceBlockchainWeek #CPIWatch
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