The Blockchain Association has formally urged U.S. congressional leaders to advance bipartisan digital asset tax legislation, arguing that current tax policy for cryptocurrency users is often unclear and unworkable. The industry group, which represents more than 100 firms, sent a letter on Thursday to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, Speaker of the House Mike Johnson, and House Minority Leader Hakeem Jeffries.
In the letter, the association said Americans who use digital assets are not seeking special treatment but want clarity so they can follow the law and pay the taxes they owe. Lindsay Fraser, chief policy officer of the Blockchain Association, said the existing framework must be updated because it is “often unclear and unworkable.” The group also launched a public input platform to amplify American voices in the legislative process.
The push comes as broader crypto legislation has stalled. The Clarity Act failed its first procedural vote in the Senate last month, while the Digital Asset Tax Certainty Act passed the House Ways and Means Committee but is not expected to be taken up again until after November elections. That bill would establish clear federal tax rules, including a de minimis threshold so network fees of $10 or less would not be taxed.
The Blockchain Association is calling for future crypto tax legislation to include a de minimis exemption, protect taxpayer privacy, and extend wash sale rules to crypto. Fraser said these principles would provide a path toward stronger tax compliance, greater certainty for taxpayers and businesses, and keep financial innovation and jobs in the United States.
