The blockchain association sends a letter to the leaders of both parties in Congress, promoting tax exemption for small cryptocurrency transactions and clarification of tax law

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