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Nellius Irene

Senator Young Calls on IRS to Reform Crypto Staking Tax Rules

Senator Todd Young has urged Treasury Secretary and Acting IRS Commissioner Scott Bessent to revise the 2023 regulations on staking reward taxation. The current framework taxes unrealized gains, creating burdens on cryptocurrency holders. The IRS issued Revenue Procedure 2025-31 on November 10, 2025, allowing institutional crypto trusts and ETFs to stake assets while maintaining tax benefits, but individual holders remain subject to taxation on unsold rewards.
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