US House lawmakers seek to end crypto staking double taxation before 2026

A bipartisan group of 18 US House lawmakers led by Republican Mike Carey has asked the Internal Revenue Service to revise its crypto staking tax guidance before the start of 2026. They argue current rules can tax staking rewards when received and again on sale, and want tax applied only at disposition to reflect actual economic gains. Another draft proposal from Representatives Max Miller and Steven Horsford would exempt small stablecoin payments from capital gains and allow taxpayers to defer income on staking and mining rewards for up to five years.