LATEST: 🇺🇸 A bipartisan group of US lawmakers is asking the IRS to update its crypto staking tax rules before 2026, arguing for the end of "double taxation," where taxes are applied both when receiving staking rewards and when selling them. https://t.co/JKu2EFefuw ...

Regulatory Landscape - Michael Saylor and Sen Cynthia Lummis are advocating for the elimination of double taxation on Bitcoin miners and stakers [1] - The current double taxation is considered an impediment to the United States' leadership in the cryptocurrency sector [1] Industry Impact - Removing double taxation could foster growth and innovation within the US crypto mining and staking industries [1]