Reps. Soto, Schweikert, Foster and Emmer Lead IRS Letter to Ensure Consumers Can Utilize Proof of Stake Networks
August 05, 2020
August 05, 2020
WASHINGTON, Aug. 5 -- Rep. Darren Soto, D-Florida, issued the following news release on Aug. 4:
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 ar . . .
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 ar . . .