Solana co-founder says U.S. tax treatment of block rewards needs priority

  • Anatoly Yakovenko said improving U.S. tax treatment for block rewards should take priority.
  • U.S. rules treat staking rewards as taxable income upon receipt under certain conditions.
  • Yakovenko ranked tax treatment above Solana’s token burn, fees and inflation structure.

Solana co-founder Anatoly Yakovenko said improving Internal Revenue Service (IRS, U.S. tax agency) treatment of block rewards is more important than changing Solana’s token burn, fees or inflation structure. Block rewards are tokens paid to blockchain validators for helping operate networks and verify transactions. Under current U.S. rules, staking rewards are treated as taxable income upon receipt under certain conditions.

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