US EditionSenate Republican Presses IRS on Tax Treatment of Crypto Staking
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Senate Republican presses IRS on tax treatment of crypto staking
Senator Todd Young is urging the IRS to review and reconsider earlier guidelines on the tax treatment of rewards cryptocurrency owners collect in exchange for "staking," or locking assets on a blockchain network to aid its operation and validate transactions.
IRS Safe-Harbor Opens Door For Institutional Crypto Staking
The Internal Revenue Service released Revenue Procedure 2025-31 in mid-November, giving publicly traded trusts a way to participate in cryptocurrency staking without risking their tax status. The guidance tackles a compliance issue that has kept institutional investors away from staking rewards on proof-of-stake blockchain networks. Institutional adoption of staking strategies could pick up speed as digital asset markets develop further. Publicl…
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