Two U.S. lawmakers advocate for encryption tax reform, pointing directly at the double taxation issue of stake.

Recently, a bipartisan group of lawmakers led by Republican Congressman Mike Carey officially wrote to Acting IRS Commissioner Scott Bessent, urging him to review and update the current taxation policy on cryptocurrency stake by early 2026 at the latest.

The parliamentary group pointed out that the current policy requires stakers to fulfill their tax obligations twice for the same asset, once during the staking reward phase and again during the subsequent asset sale phase.

This "double taxation" model not only imposes unnecessary administrative burdens on taxpayers and taxes unrealized gains, but also effectively dampens public enthusiasm for participating in the security maintenance of blockchain networks, which is a fundamental activity.

Lawmakers argue that tax collection should be based on actual economic gains, thus calling for the IRS to adjust the timing of taxation to occur only when staking rewards are sold.

Congressman Carey emphasized that this move is not only to ensure that digital assets receive fair tax treatment but also aligns with the government's strategic goal of reinforcing the United States' leadership position in the global digital asset innovation sector.

Almost simultaneously, Congressmen Max Miller and Steven Horsford also introduced a draft discussion aimed at systematically reducing the tax burden on encryption users by proposing a tax exemption policy for small stablecoin transactions and setting a maximum five-year deferred tax option for stake and mining rewards.

Despite the fact that the former focuses on tax law revisions and the latter provides flexible taxation options, both reflect the widespread consensus that the current encryption tax rules at the legislative level in the United States are inhibiting industry innovation and market participation.

Overall, the core objective of this proposal is to encourage more ordinary users to participate in stake activities by clearing the backlog of tax barriers, thereby consolidating the security foundation of the core blockchain network and ensuring the competitiveness of the United States in the global digital asset arena.

This trend also marks that the issue of encryption taxation has officially entered the substantive agenda of legislative reform in the United States, moving beyond the scope of industry initiatives.

#美国国税局 #stake tax