The US Treasury Department Provides Clear Regulatory Path for Cryptocurrency ETP Custody Business
BlockBeats News, November 11th, U.S. Treasury Secretary Scott Bessent tweeted that the Treasury Department and IRSnews have issued new guidance aimed at providing regulatory support for crypto ETPs with staking functionality.
The guidance clarifies the tax treatment of staking rewards within the ETP structure, providing an "explicit path" for asset management companies looking to offer exposure to digital asset yields. The new policy clarifies that staking rewards generated within the ETP structure will not immediately trigger a direct tax obligation for individual investors, addressing long-standing uncertainty around proof-of-stake cryptocurrencies in regulated investment vehicles.
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