Blockchain Association urges Congress to pass bipartisan digital asset tax rules


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Promote with Leviathan NewsThe Blockchain Association has sent a letter to Senate and House leadership and launched a website letting Americans contact their lawmakers about digital asset tax policy. The group says 67 million Americans hold and use digital assets under tax rules written for a different era, creating taxpayer uncertainty, heavy compliance burdens, and incentives for innovation to move offshore. Its proposed principles include a de minimis exemption, taxing mining and staking rewards upon disposition as newly created property, privacy-protecting reporting, substance-based taxation, and wash sale rules that avoid penalizing everyday activity.
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First post (Leviathan +17 h later) · @KristinSmith · @BlockchainAssn
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