As per PANews, the U.S. Internal Revenue Service (IRS) has released new guidance establishing a safe harbor for staking digital assets in exchange-traded products (ETP). The 18-page document addresses concerns about whether staking would disqualify trusts under federal income tax rules. U.S. Treasury Secretary Scott Bessent announced the move on X, stating the guidance provides a clear path for ETPs to stake digital assets and share rewards with retail investors. ConsenSys senior legal counsel Bill Hughes noted that the safe harbor offers clarity for institutions, provided certain conditions are met, such as holding only one digital asset and cash, and using a qualified custodian.
U.S. IRS Issues New Guidance on Staking Digital Assets in ETPs
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