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US Lawmakers Ask IRS to Encourage Cryptocurrency Innovation, Clarify Position on Staking …

US Lawmakers Ask IRS to Encourage Cryptocurrency Innovation, Clarify Position on Staking Rewards | The Daily Hodl

A group of US Congress members is asking the Internal Revenue Service (IRS) to clarify its position on crypto staking rewards. In the dated July 29th, lawmakers David Schweikert, Bill Foster, Tom Emmer, and Darren Soto explain to IRS Commissioner Charles Rettig the difference between proof-of-stake and proof-of-work protocols.