A bipartisan group of 18 U.S. House lawmakers has asked the IRS to revisit how crypto staking rewards are taxed, arguing that the agency’s current approach can amount to double taxation. In their letter, led by Rep. Mike Carey, the lawmakers urged the IRS to update guidance before the 2026 tax year and suggested staking rewards should be taxed only when sold, rather than when received and again on later disposal.

AI-generated background, compiled from web sources — not editorial content.

More coverage

Explore the topic

More on IRS

Comments