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    1. coinfeeds-bot on

      tldr; A bipartisan group of U.S. lawmakers has urged the IRS to revise its 2023 guidance on cryptocurrency staking rewards to prevent double taxation. Currently, staking rewards are taxed when received and again upon sale, leading to criticism. The lawmakers propose taxing rewards only at the time of sale to reflect actual economic gain. They also seek clarification on potential administrative barriers to updating the guidance before 2026. This initiative aims to support the U.S.’s position as a leader in the crypto industry and ensure fair taxation policies.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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