Letter from US Congressmen to the IRS: Pledge should not be overtaxed

According to The Block report, four representatives including David Schweikert, co-representative of the U.S. Congressional Blockchain Core Group, sent a letter to the Internal Revenue Service (IRS), urging the tax agency to consider Proof of Equity (PoS) when formulating cryptocurrency-related tax policies. technology. The letter pointed out that taxation of pledge rewards as income may exaggerate the actual income of taxpayers from participating in this new technology, and pledges should not be excessively taxed. Members called on the IRS to tax taxpayers when they sell these pledged rewards.