US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

Bitcoin.com | Aug 6, 2020 at 5:03 AM
  • A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking.
  • By staking tokens, participating third-party tokenholders can also receive newly created tokens as rewards for helping to maintain the network.
  • This letter by the four members of Congress is the latest signal that the U.S. is moving to embrace blockchain technology and cryptocurrencies.