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Stephen Akridge, co-founder of Solana, is facing a lawsuit from his ex-wife, Elisa Rossi, who claims he misappropriated millions in cryptocurrency from her digital wallet. The suit alleges he redirected her staking rewards for personal gain during their divorce proceedings. Rossi is seeking damages for breach of contract, unjust enrichment, and fraud.
The IRS has clarified that cryptocurrency staking rewards are taxable as income upon receipt, rejecting claims that they represent "new property." This decision stems from a legal dispute involving Tennessee residents who argued for delayed taxation until the rewards were sold. The ongoing case may set a significant precedent for the taxation of staking rewards in the U.S.
[Bloomberg]
The IRS has reaffirmed that staking rewards are taxable income upon receipt, rejecting a legal challenge from Joshua and Jessica Jarrett, who argue that these rewards should be treated as property and taxed only upon sale. Their ongoing dispute stems from taxes on Tezos tokens earned in 2019 and 2020, with the couple seeking a legal precedent for the treatment of staking rewards in the U.S. The IRS maintains that block rewards are classified as income based on their fair market value at the time of receipt.
Joshua Jarrett
People
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solana co-founder sued by ex-wife for alleged cryptocurrency theft
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Joshua Jarrett
Elisa Rossi
Raj Gokal
Anatoly Yakovenko
Stephen Akridge
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