CryptocurrencyIRSUpdated 4 days ago

US Lawmakers Urge IRS to Address Double Taxation on Crypto Staking Before 2026

Eighteen bipartisan U.S. House lawmakers, led by Republican Mike Carey, are urging the IRS to reconsider its taxation policies on cryptocurrency staking. They express concerns over potential double taxation and administrative burdens, formally requesting action before the end of 2026.

Related Articles (2)
US lawmakers urge IRS to end double taxation on crypto staking before 2026
PositiveCryptocurrency
Eighteen bipartisan U.S. House lawmakers, led by Republican Representative Mike Carey, have urged the Internal Revenue Service (IRS) to reconsider its taxation policies on cryptocurrency staking, highlighting concerns over potential double taxation and administrative burdens. The lawmakers have formally requested IRS acting Commissioner Scott Bessent to address these issues before the end of 2026.
US lawmakers push to fix staking ‘double taxation’ before 2026
NegativeCryptocurrency
US lawmakers, led by Republican Mike Carey, are advocating for changes to the Internal Revenue Service (IRS) rules regarding cryptocurrency staking, arguing that the current regulations impose an undue administrative burden and may lead to double taxation on unrealized gains. This push comes as the deadline for potential reforms approaches in 2026.

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