Scott Bessent Says Treasury, IRS Guidance ‘Keeps America The Global Leader’ In Crypto

The U.S. Treasury and IRS have issued new guidance giving crypto ETPs a clear path to stake digital assets and share rewards with investors, removing a major regulatory barrier.

IRS Issues Safe Harbor for Staking Within Regulated Products

The IRS on Monday released a safe harbor framework that permits trusts to stake digital assets. 

The rule ensures they can do so without losing their tax status as investment or grantor trusts, removing a long-standing barrier that discouraged fund sponsors from adding staking yield to regulated investment products.

Under the new policy, crypto ETPs tracking proof-of-stake assets such as Ethereum (CRYPTO: ETH), Cardano (CRYPTO: ADA), or Solana (CRYPTO: SOL) …

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