Professor of Law at the University of Virginia proposes that the US Internal Revenue Service reconsider the taxation of Staking rewards

Abe Sutherland, a professor of law at the University of Virginia (UVA), pointed out in a recent report that the IRS should reconsider its views on blockchain rewards (Staking rewards). As of now, the IRS has taxed these incentive tokens as income, and taxation as a newly created property will allow the Proof of Entitlement (PoS) network to develop in the United States.