IRS Says Tokens Earned from Crypto Staking are Taxable

The IRS claims that tokens received from crypto staking are taxable, rebuffing a Tennessee lawsuit from investor Joshua Jarrett. Earlier this year, Jarrett won a favorable settlement from a 2022 lawsuit, but the IRS seems willing to fight a new battle. Staking and restaking are on the rise in the crypto industry, and the verdict in this dispute will impact a growing constituency of US crypto... source: https://beincrypto.com/irs-claims-crypto-staking-taxable/