US lawmakers push to fix staking ‘double taxation’ before 2026

Lawmakers led by Republican Mike Carey argue that current IRS rules penalize stakers with an administrative burden and potentially over-tax unrealized gains.

A group of 18 bipartisan US House lawmakers is pushing the country’s tax agency to review its rules on crypto staking taxes before the start of 2026. 

In a letter sent to Internal Revenue Service acting commissioner Scott Bessent on Friday, the lawmakers, led by Republican Mike Carey, asked for a review and update guidance on “burdensome” crypto staking tax laws.

“This letter is simply requesting fair tax treatment for digital assets and ending the double taxation of staking rewards is a big step in the right direction,” Carey said. 

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