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US Lawmakers Urge IRS to End Double Taxation on Crypto Staking Before 2026

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U.S. lawmakers have called on the IRS to address double taxation on crypto staking rewards, citing unfair treatment under current rules. Eighteen bipartisan representatives, led by Rep. Mike Carey, argue that taxing staking rewards at receipt and sale creates a double burden. They urge the IRS to revise its 2023 guidance before 2026. The proposed PARITY Act would defer taxes on staking and mining rewards for up to five years. On-chain data shows growing interest in altcoins to watch as regulatory clarity remains a key market driver.
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