Blockchain Association Urges Congressional Leaders to Advance Bipartisan Digital Asset Tax Legislation, Launches TaxClarityforAmerica.com

Washington, D.C. (October 22, 2026) – Today, Blockchain Association (BA) sent a letter to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries urging Congress to advance thoughtful, bipartisan digital asset tax legislation grounded in BA's Digital Asset Tax Principles. BA also launched TaxClarityforAmerica.com, a new advocacy website that gives Americans the tools to learn about digital asset tax policy and contact their members of Congress directly.

Sixty-seven million Americans hold and use digital assets, yet the tax rules that govern them were written for a different era. The resulting uncertainty makes it unnecessarily difficult for taxpayers to understand and meet their obligations. The letter, signed by BA Chief Policy Officer Lindsay Fraser, urges congressional leadership to ensure any legislation reflects economic reality and remains workable for taxpayers and the IRS alike.

“Americans who use digital assets aren't asking for special treatment. They want to follow the law and pay the taxes they owe, but today's rules are often unclear and unworkable,” said Lindsay Fraser, Chief Policy Officer of Blockchain Association. “Congress has a real bipartisan opportunity to modernize digital asset tax policy and establish clear, practical rules that reflect how Americans actually use this technology. Our principles offer a practical foundation for getting it right, and TaxClarityforAmerica.com gives the Americans affected by these rules a simple way to make their voices heard.”

The letter reiterates BA's Digital Asset Tax Principles, a consensus framework developed with input from BA's more than 100 members and first released in February. The principles emphasize:

• Administrability and Practicality – a meaningful de minimis exemption for small digital asset transactions and treating stablecoins as cash for tax purposes.
• Functional Consistency – treating economically similar activities consistently, including taxing mining and staking rewards as self-created property upon disposition.
• Economic Ownership – nonrecognition treatment for transactions that do not alter economic exposure.
• Privacy and Safety – reporting requirements that protect taxpayer privacy while achieving legitimate enforcement goals.
• Global Competitiveness – a safe harbor for foreign persons trading on U.S. exchanges and policies that support onshoring.
• Anti-Abuse – closing wash sale gaps while preserving everyday digital asset use.
• Equal Access, Market-Based Treatment, and Workability – retirement account access, optional mark-to-market accounting, and charitable contributions without unnecessary appraisal burdens.
• Pro-Innovation – recognizing blockchain development as qualifying technological advancement for R&D tax credits.

Blockchain Association and its members stand ready to serve as a resource to Congress as it develops digital asset tax legislation.

Full letter here.

About Blockchain Association 

Blockchain Association is the unified 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.