Blockchain Association urges Congress to pass crypto tax rules before the clock runs out

The industry group sent congressional leaders 10 tax principles, from a de minimis exemption to crypto in retirement accounts The Blockchain Association wants Congress to finish a job it has started, and then paused, more than once. On Thursday, the trade group sent a letter to the top four leaders on Capitol Hill asking them to pass bipartisan digital asset tax legislation. The letter lays out 10 principles the group wants any final bill to follow. The list ranges from a de minimis exemption to letting Americans hold crypto inside their retirement accounts. The October 22 letter went to House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries. On the Senate side, it was addressed to Majority Leader John Thune and Minority Leader Chuck Schumer. A de minimis exemption.

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