Blockchain Association Sends Letter to Bipartisan Congressional Leaders, Pushing for Tax Exemption on Small Crypto Transactions and Tax Clarity

Odaily Report: The Blockchain Association has sent a letter to Senate Majority Leader John Thune, Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries, urging both parties to develop a digital asset tax law, and has launched taxclarityforamerica.com to help users contact their lawmakers. The association's core demands include: establishing a substantive tax exemption threshold for small crypto transactions so that everyday low-value purchases are not subject to the same tax treatment as investment sales; treating qualifying stablecoins more like cash for tax purposes; and treating mining and staking rewards as "self-created property," taxed upon disposal rather than upon receipt.