TechFlow news, November 11 — According to Financefeeds, U.S. Treasury Secretary Scott Bessent issued a new statement alongside updated guidance from the Internal Revenue Service (IRS), providing regulatory support for crypto ETPs with staking functionality. The guidance clarifies the tax treatment of staking rewards within ETP structures, offering asset management firms seeking to provide exposure to digital asset yields a "clear path."
The new policy clarifies that staking rewards generated within an ETP structure do not immediately trigger direct tax obligations for individual investors, resolving long-standing uncertainties surrounding proof-of-stake cryptocurrencies in regulated investment vehicles. This clarification could significantly expand the types of crypto market exposure accessible to U.S. investors through mainstream brokerage accounts.
Industry reaction has been broadly positive, with asset managers who previously delayed launching Ethereum staking ETPs due to compliance risks stating that the updated framework reduces those risks and improves product feasibility. Market analysts note the move could accelerate the approval timeline for Ethereum staking ETPs and pave the way for multi-chain staking products across networks such as Solana, Avalanche, and Cosmos.
