The U.S. Internal Revenue Service has issued new guidance allowing crypto exchange-traded products to stake digital assets without losing their tax-exempt trust status.
Treasury Secretary Scott Bessent said the move “boosts innovation and investor benefits,” aligning with President Trump’s crypto vision.
Consensys counsel Bill Hughes added that the update removes legal barriers for regulated funds, enabling them to stake on behalf of investors. The clarification follows the SEC’s earlier statement confirming that staking doesn’t violate securities laws.
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