The US Blockchain Association sent a letter to Congress, urging the advancement of bipartisan digital asset tax legislation.

The U.S. Blockchain Association announced it has sent letters to the leadership of both the U.S. House of Representatives and Senate, urging Congress to advance prudent, bipartisan digital asset tax legislation, and launched TaxClarityforAmerica.com, a platform for the public to review core principles, track congressional progress, and contact lawmakers. The association noted that roughly 67 million Americans hold and use digital assets, but the current tax system, built for the pre-digital era, has left taxpayers uncertain, imposed excessive compliance burdens, and pushed innovation overseas. Its "Digital Asset Tax Principles" include: a meaningful small-value exemption; mining and staking rewards taxed as newly created property upon disposition; taxpayer privacy-protective reporting arrangements; tax compliance based on economic substance rather than technical form; and wash sale rules that curb abuse without penalizing routine activities. The group also stated that the House Ways and Means Committee has previously advanced digital asset tax-related bills, and Senator Steve Daines has introduced a matching Senate version. Congress is in recess until after the November 3 elections, leaving a legislative window during the short session.