Blockchain Association Writes to U.S. Congress to Push for Tax Exemption for Small Cryptocurrency Transactions
2026-10-24 20:46:14
According to CoinMeta, on October 24th, the Blockchain Association sent a letter to leaders of the U.S. Congress, including Senate Majority Leader Schumer, Minority Leader McConnell, House Speaker Johnson, and House Minority Leader Jeffries, to promote legislation on digital asset taxation. They also launched a website with the identifier taxclarityforamerica.com to assist users in contacting legislators. The association's demands include establishing exemptions for small-value crypto transactions, treating qualified stablecoins as cash, and taxing mining and staking rewards upon disposal. The Blockchain Association cited data indicating that 67 million Americans hold or use digital assets.
Source:Internet
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