Lawmakers Urge IRS to Reform “Double Taxation” on Crypto Staking
A bipartisan coalition of 18 U.S. House representatives is calling on the IRS to overhaul how cryptocurrency staking rewards are taxed, arguing that the current framework stifles innovation and unfairly burdens investors. Led by Representative Mike Carey, the group sent a formal letter to IRS Acting Commissioner Scott Bessent requesting updated guidance before 2026. The … Read more