Crypto Industry Group Pushes Congress For Small-Payment Tax Relief And Clearer Rules

TL;DR: The Blockchain Association has asked congressional leaders to advance bipartisan crypto tax changes, including a de minimis exemption and revised treatment of stablecoins and staking rewards. For a person buying coffee with cryptocurrency, the tax rules can be far more complicated than the payment itself. A U.S. crypto trade group is asking Congress to address that mismatch with a new push for bipartisan digital-asset tax legislation. The Blockchain Association sent a letter Thursday to congressional leaders in both parties, including Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries. It also launched a website intended to help digital-asset users contact lawmakers about tax policy.

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