IRS issues guidance for allowing crypto ETPs to stake digital assets — TradingView News
The Internal Revenue Service issued guidance to create a safe harbor for exchange-traded products to stake digital assets, which cryptocurrency advocates say transforms tax treatment for traditional finance.
Treasury Secretary Scott Bessent posted the news on Monday on X and said the guidance gives ETPs “a clear path to stake digital assets and share staking rewards with their retail investors.”
“This move increases investor benefits, boosts innovation, and keeps America the global leader in digital asset and blockchain technology,” Bessent said.
This comes after the SEC said earlier this year that proof-of-stake activities do not constitute securities transactions.
The IRS said it received questions on whether staking averts a trust…
