Tue Sep 8 14:54:39 2020
<853f0f69> Members | Congressional Blockchain Caucus
<https://congressionalblockchaincaucus-schweikert.house.gov/members>
<853f0f69> SCHWEIKERT, FOSTER, EMMER, AND SOTO LEAD IRS LETTER TO ENSURE CONSUMERS CAN UTILIZE PROOF OF STAKE NETWORKS | Congressional Blockchain Caucus
<https://congressionalblockchaincaucus-schweikert.house.gov/media/press-releases/schweikert-foster-emmer-and-soto-lead-irs-letter-ensure-consumers-can-utilize>
“Proof of Stake Alliance (POSA) appreciates the support of the co-chairs of the Blockchain Caucus on this important issue”
— SCHWEIKERT, FOSTER, EMMER, AND SOTO LEAD IRS LETTER TO ENSURE CONSUMERS CAN UTILIZE PROOF OF STAKE NETWORKS
— WASHINGTON, DC – Today, Congressman David Schweikert (AZ-06), Co-Chair of the Congressional Blockchain Caucus, along with Caucus Co-Chairs Congressman Bill Foster (IL-11), Congressman Tom Emmer (MN-06), and Congressman Darren Soto (FL-09) sent a letter to the Internal Revenue Service (IRS) asking for guidance on the taxation of “block rewards” in a proof of stake network. Currently, taxpayers are not given guidance for how participating in “staking” should be treated, which could result in unintentionally dissuading participation in this new technology.
<853f0f69> Full letter: <https://schweikert.house.gov/sites/schweikert.house.gov/files/Final%20Proof%20of%20Stake%20IRS%20Letter%207.29.20.pdf>
Final-Proof-of-Stake-IRS-Letter-7.29.20.pdf
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