ChainCatcher news, according to Cointelegraph, 18 bipartisan lawmakers in the U.S. sent a joint letter to the IRS urging changes to the encryption stake “double taxation” rules before 2026, suggesting that taxes be levied only upon sale rather than being immediately taxed upon receiving rewards. Lawmaker Mike Carey stated that this move aims to provide a fair tax treatment for digital assets and support the U.S. leadership in Blockchain innovation.
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US lawmakers push to amend encryption stake tax law
ChainCatcher news, according to Cointelegraph, 18 bipartisan lawmakers in the U.S. sent a joint letter to the IRS urging changes to the encryption stake “double taxation” rules before 2026, suggesting that taxes be levied only upon sale rather than being immediately taxed upon receiving rewards. Lawmaker Mike Carey stated that this move aims to provide a fair tax treatment for digital assets and support the U.S. leadership in Blockchain innovation.