Washington, D.C. (July 16, 2025) — Today, Summer Mersinger, CEO of Blockchain Association, will testify before the House Ways and Means Subcommittee on Oversight in a hearing focused on improving the federal tax framework for digital assets.
Representing more than 130 member companies across the U.S. blockchain ecosystem – from software developers and infrastructure providers to investment firms and trading platforms – Mersinger will underscore the urgent need for clear, workable tax rules that foster American innovation while enabling reasonable compliance.
“Our tax code wasn’t built for this kind of innovation – and the result is costly confusion that harms consumers, small businesses, and the IRS alike,” Mersinger states in her prepared remarks. “To ensure that growth and innovation happens in the United States, Congress must provide clear, workable tax rules for digital assets.”
While reaffirming the industry’s support for tax compliance, Mersinger will urge Congress to adopt a more practical, innovation-focused approach, including:
- Exempting de minimis gains and losses from taxation;
- Clarifying the character, source, and timing of income for mining and staking rewards;
- Allowing charitable deductions for digital assets easily valued or regularly traded without requiring a qualified appraisal.
“Digital assets represent a transformative opportunity for the American economy. But without modern, fair, and practical tax rules, we risk losing that opportunity,” Mersinger will testify. “Blockchain Association and its members stand ready to serve as a resource to Congress as we chart a clearer path forward.”
The hearing will take place in the Longworth House Office Building and will be livestreamed on the House Ways and Means Committee website.
About Blockchain Association
Blockchain Association is the collective voice of the cryptocurrency industry. Our members include the sector’s leading investors, companies, and projects, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. Find us at theblockchainassociation.org. Follow us @BlockchainAssn.
