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Spot
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Points
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
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Unified Account
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Futures Kickoff
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Futures Events
Participate in events to win generous rewards
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CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
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Alpha Points
NEW
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Futures Points
NEW
Earn futures points and claim airdrop rewards
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Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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U.S. Senators Urge IRS to Reassess Tax Policy on Crypto Assets Staking Rewards
ChainCatcher news, Indiana Republican Senator Todd Young wrote to Treasury Secretary Scott Betts, urging the IRS to reevaluate and reconsider the 2023 guidance on the tax treatment of Crypto Assets stake rewards. As a member of the Senate Finance Committee, Senator Young questioned the rationale of the current regulations requiring Crypto Assets holders to pay taxes when they “receive” stake rewards, rather than when they “sell” them. Staking refers to the process where Crypto Assets holders lock their assets to support the operation of the Blockchain network and validate transactions. Betts currently also serves as the Acting Commissioner of the IRS, giving him direct oversight of this policy.