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Ripple CTO David Schwartz Shares Insights on Crypto Staking Amid Tax Debate
- Ripple CTO David Schwartz explains the nature of crypto staking amid tax debate.
- Schwartz highlights the difference between staking rewards and interest income.
- He clarifies that staking involves creating property, not receiving it from someone else.
- The IRS states that crypto staking is taxable, triggering tax liabilities upon receiving staking rewards.
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