Blockchain Association Presses Congress on Crypto Taxes as Clarity Act Stalls
Current overview (not historical)
The Blockchain Association has urged Congress to pass bipartisan digital asset tax legislation, arguing that current rules fail 67 million U.S. cryptocurrency holders. The proposed changes include eliminating small-transaction exemptions, treating stablecoins as taxable cash, deferring taxes on mining and staking rewards, and restricting broker reporting. This push, delivered via a letter dated October 23, 2026, marks the association's first major tax advocacy since the Clarity Act failed in the Senate last year, and includes a public outreach site at TaxClarityforAmerica.com.
Written with AI from the reporting · updated 10/22/2026
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- 1Unclassified fact stationOct 23, 00:00recorded Oct 23, 06:56single source
区块链协会致信国会推动加密资产税立法
Read original source ↗ Bitcoin MagazineReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Blockchain Association
- Action：
- 致信参众两院领导
- Object：
- 要求通过两党支持的数字资产税法
- Occurred (fact side)：
- Oct 23, 00:00
- Published (valid side)：
- Oct 23, 03:51
- First seen (known side)：
- Oct 23, 06:56
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- Bitcoin MagazineRelated fact: single sourceBlockchain Association Urges Congress to Pass Bipartisan Digital Asset Tax Legislation
Report first recorded Oct 23, 06:56
The Blockchain Association sent a letter to Senate and House leadership urging Congress to pass bipartisan digital asset tax legislation, following the failure of the Clarity Act in the Senate last month. The group argues that current rules governing 67 million Americans holding digital assets are outdated. Key proposals include a de minimis exemption for small transactions, cash treatment for stablecoins, taxing mining and staking rewards upon sale instead of receipt, limited broker reporting, and specific adjustments to wash sale rules. The House's Digital Asset Tax Certainty Act, H.R. 10357, exempts network fees under $10 but excludes Rep. Mike Carey’s Tax Clarity for Mining and Staking Act, which would allow miners and stakers to defer tax until sale, instead classifying validation rewards as ordinary income taxable on receipt. The Senate introduced the ADAPT Act, which sets a similar $10 fee threshold and exempts purchases made with GENIUS Act stablecoins.
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