Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty

Crypto lobbyists are directly appealing to President Donald Trump for assistance with various federal policy changes amid Congress's delays in digital asset legislation. Over 60 groups, including the Solana Policy Institute and the Blockchain Association, penned a letter requesting the administration's intervention on issues such as tax policy, protections for developers, self-custody regulations, and mining guidance. The letter emphasizes the need for swift measures that can complement ongoing legislative efforts, particularly while discussions on the Digital Asset Market Clarity Act stall. The crypto sector hopes for a comprehensive governmental approach to make the U.S. a leader in cryptocurrency. Specifically, the letter calls for tax clarifications regarding mining and staking rewards, urging the IRS not to impose taxes until these assets are sold. Furthermore, it seeks the end of legal pursuits against developers of decentralized finance technologies, citing previous prosecutions as problematic. As the industry looks to navigate the current uncertainty, the hope is to push through impactful reforms as Congress continues its drawn-out discussions on regulations.

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