U.S. Senator Presses IRS To Revisit Tax Rules For Crypto Staking Rewards

ByKapil RajyaguruNovember 20, 2025, 7:00 PM1 Mins read12 Views

U.S. Senator Presses IRS To Revisit Tax Rules For Crypto Staking Rewards | 3verseTV

Senator Todd Young is urging the IRS to review its 2023 guidance that taxes crypto staking rewards when they are received rather than when they are sold.

Digital asset advocates argue this forces taxpayers to pay taxes on income they have not realized, especially when token prices fluctuate.

Young has asked the IRS to explain how it formed the 2023 decision and whether it plans to revise or clarify the rules.

The Trump administration also recommended re-evaluating the guidance in a recent report.

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Written by

Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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