Kristin Smith, president of the Solana Policy Institute, emphasised that staking tax reform is essential for US economic competitiveness and web3 innovation

Quotes that support claims

Fair tax treatment for staking is critical for US crypto leadership," Smith said on X. "Congress can unlock domestic growth & create jobs with common-sense staking tax clarifications.

Kristin Smith, the president of the Solana Policy Institute, also expressed her support. According to Smith, fair tax rules for staking are essential for the US to lead in crypto.