U.S. Lawmakers Urge IRS to Revise Crypto Staking Tax Rules by 2026

According to ChainCatcher, a group of 18 bipartisan U.S. lawmakers has sent a joint letter to the Internal Revenue Service (IRS), advocating for changes to the current tax regulations on cryptocurrency staking. The legislators are urging the IRS to amend the 'double taxation' rule by 2026, proposing that taxes should only be applied upon the sale of staked assets rather than at the moment rewards are received. Representative Mike Carey emphasized that this initiative aims to ensure fair tax treatment for digital assets and bolster the United States' leadership in blockchain innovation.