Blog
Press Release: New Paper on the Policy and Legal Implications of Inclusion Lists
10/30/2024
Update: POSA is Now a CCI Project
10/30/2024
Press Release: POSA Introduces MEV Fair Market Principles, Calls for Public Review
6/24/2024
Press Release: POSA Applauds Bipartisan Bill to Codify Fair Taxation of Staking Rewards
4/30/2024
POSA Submits Comment Letter on Treasury-IRS Proposed Rule on Sales and Exchanges of Digital Assets by Brokers
11/11/2023
Proof of Stake Alliance Releases Industry Principles for Staking
11/9/2023
POSA Response to Senate Finance RFI on Tax Treatment of Digital Assets
9/7/2023
POSA Founder Evan Weiss: Most liquid staking tokens are not securities
8/17/2023
Proof of Stake Alliance Responds to IRS Announcement on Staking Taxation
8/1/2023
Proof of Stake Alliance Responds to Recent SEC Exchange Enforcement Actions
6/7/2023
Proof of Stake Alliance Offers First Legal Research and Analysis on Liquid Staking Tokens: Urges Industry to Self-Regulate
2/21/2023
Proof of Stake Alliance Decries the Overly-Broad Scope of SEC-Kraken Staking Enforcement, Urges Industry to Abide by Industry Principles
2/9/2023
POSA Deems New IRS Stance on Staking Rewards Duplicative and Burdensome Taxation for Millions of Staking Participants
1/24/2023
New Digital Assets Bill Would Halt U.S. Blockchain Innovation and Create Unnecessary Regulatory Burdens for Everyday Stakers
12/14/2022
Court Grants Motion to Dismiss, POSA Supports Jarrett’s Appeal in Pursuit of Clarity for all Stakers
10/3/2022
ANNOUNCEMENT: The Proof of Stake Alliance Appoints Alison Mangiero as Executive Director
9/27/2022
POSA’s Comment to the Department of Treasury’s Request for Comment
8/5/2022
In August, POSA submitted a comment to the Department of Treasury as they work to establish rules for how digital assets will impact the U.S. financial system. We submitted comments because we believe a growing digital assets industry will create opportunities for all types of Americans, and we want decision makers to be fully informed on Proof of Stake’s benefits and the need for clear regulations and rules.
Proof of Stake not only makes mass adoption of digital asset technologies feasible, it also ensures those technologies are more inclusive and benefit a broad set of Americans. Mass adoption requires blockchains to efficiently handle transactions at industrial scale. Proof of Stake makes it possible for blockchains to operate at scale with lower costs while also lowering their energy consumption. This increased capability allows innovators to build more ambitious, useful applications, and allow more people to participate in blockchain ecosystems. Another benefit is that anyone, even those with few digital assets, can participate in Proof of Stake technologies by serving as a validator. However, a successful digital asset economy requires clear, innovation-friendly rules and guidelines to encourage long-term investment in the U.S.
For more detail, our full comment can be found below:
POSA’s Comment to the Department of Commerce’s Request for Comment
7/5/2022
In July, POSA submitted comments to the Department of Commerce as they strategize on making the U.S. the best place to grow the digital assets industry. Our message was simple: the U.S. needs to make clear, fair, innovation-friendly laws for proof-of-stake technologies or risk losing the industry overseas.
Proof of Stake is the foundation for the future of blockchain. The next wave of innovative blockchain applications are being built of proof-of-stake technologies, and Ethereum’s pending switch to Proof of Stake will only accelerate the shift. As more Americans look to use and benefit from Proof of Stake, the U.S. needs innovation-friendly regulations and guidelines to provide clarity to Americans looking to participate in the technology’s growth.
For decades, the U.S. has benefited from being a global internet leader. If we want to be the innovation leader in digital asset technology we need to make clear, consistent rules that allow Americans to participate in PoS and provide legal certainty for builders who want to scale digital asset solutions in the U.S. That's why we’re fighting for clarity on how staking rewards are taxed, how the staking industry is classified, and most recently on how liquid staking is regulated in the U.S.
If you’re interested in reading more, our full comment can be found below:
IRS Waves White Flag in Lawsuit Over Taxability of Cryptocurrency Staking Rewards
2/3/2022
Research Report on Tax Code 6050i and Digital Assets
9/17/2021
Proof of Stake Alliance (POSA) Supports Call for IRS Guidance on Staking
8/4/2020
Congressmen Emmer, Schweikert, Foster, and Soto Lead IRS Letter to Ensure Consumers Can Utilize Proof of Stake Networks
8/3/2020
POSA Advances Staking as a Service Industry Driven Solutions
5/14/2020
Leading Blockchain Participants Come Together to Form the Proof of Stake Alliance
8/19/2019