While the IRS has failed to act on staking rewards, the world has continued to move to blockchain and blockchain has started to shift to proof-of-stake. Staking is already a multibillion-dollar industry and America is home to some of the largest and fastest-growing players in the staking ecosystem. Staking is also performed by individuals throughout the U.S., including Josh Jarrett, who help secure the protocols they participate in and get exposure to the upside of these protocols through staking rewards. Many of the largest U.S-based crypto exchanges have also started facilitating staking for their retail customers, bringing staking to millions more individuals and making the country an integral part of securing proof-of-stake blockchains.
What’s at Stake as Josh Jarrett Sues the IRS
