Blockchain Association Urges Congress to Pass Crypto Tax Rules, Lays Out 10 Principles

The Blockchain Association asked congressional leaders on Thursday to pass bipartisan digital asset tax legislation , setting out 10 principles it wants any bill to follow, from a de minimis exemption to letting Americans hold crypto in retirement accounts. The trade group, which says it has more than 100 members, sent the letter on Oct. 22 to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries, as well as Senate leaders John Thune, the majority leader, and Chuck Schumer, the minority leader. Lindsay Fraser , the association’s chief policy officer, signed it. “Sixty-seven million Americans now hold and use digital assets, yet the rules that govern them were written for a different era,” the letter said.

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