The Blockchain Association said it has sent a letter to leaders in the U.S. House and Senate, urging Congress to advance bipartisan legislation on digital asset taxation. In outlining its preferred tax framework, the group called for a meaningful de minimis exemption for small transactions and said mining and staking rewards should be treated as newly created property and taxed when they are disposed of. It also argued that taxpayer privacy should be protected in tax reporting requirements and that tax rules should be based on economic substance. Separately, the association launched an "American Tax Clarity Initiative" website designed to help the public track its policy positions and congressional developments, while also giving people a way to share their views with lawmakers.
The Blockchain Association said it has sent a letter to leaders of the U.S. House and Senate, calling on Congress to advance bipartisan legislation on digital asset taxation.
The group said its tax principles include establishing a meaningful de minimis exemption for small transactions; treating mining and staking rewards as newly created property and taxing them upon disposition; protecting taxpayer privacy in tax reporting requirements; and writing tax rules based on economic substance.
The association also launched an American Tax Clarity Initiative website to help the public understand its positions and follow developments in Congress, while giving users a way to contact lawmakers.
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