The U.S. Internal Revenue Service (IRS) has confirmed that staking rewards are taxable upon receipt, which has sparked disputes in the crypto industry.$BTC $UNI $AAVE

David Schwartz argues that crypto staking involves the creation of new assets, rather than the receipt of existing property.

Investor Joshua Jarrett's lawsuit challenges the IRS's classification of staking rewards as taxable income.

Ripple's Chief Technology Officer David Schwartz has spoken out regarding the intensifying debates over cryptocurrency staking and taxation following the IRS ruling that staking rewards are taxable upon receipt.

Commenting on a tweet regarding the IRS decision that crypto staking is taxable, Schwartz made a distinction between staking and traditional income amid public debates. He emphasized that staking involves the creation of new assets, rather than the receipt of property from others.#币安Alpha公布第6批项目代币 #BtcNewHolder