Cardano Clears IRS Hurdle: Hoskinson Cheers as ADA Staking Gets Green Light for ETP Liquidity
Cardano just scored a major regulatory win—and Charles Hoskinson isn't hiding his excitement.
The IRS finally gave its blessing: ADA staking now complies with liquidity rules for exchange-traded products (ETPs). No more tax ambiguity for institutional players.
Why it matters: This opens floodgates for big-money inflows. Cardano joins an elite club of crypto assets deemed 'safe' by the suits in Washington. (Well, 'safe' until the next regulatory U-turn.)
The fine print: Staking rewards in ETPs now avoid the IRS's notorious 'gotcha' audits. A win for investors—and a rare case of regulators actually clarifying instead of complicating.
Wall Street's reaction? Probably drafting 10 new complex financial products to exploit this as we speak. Some things never change.
Charles Hoskinson expressed excitement over Cardano compliance with the new IRS and Treasury staking rules for crypto ETPs. For context, the U.S.
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