A group of crypto lobbying organizations has urged Congress to pass a bill on crypto staking and mining taxes without changes, saying it would provide clarity on crypto rewards taxes and ensure blockchains “can be secured by Americans in America.” The Blockchain Association, the Crypto Council for Innovation and The Digital Chamber said in a…
In brief Crypto industry groups urged Congress to pass a tax bill exempting mining and staking rewards from taxable income. House Democrats are skeptical, arguing the proposal could unfairly favor crypto over traditional investments. With time running short as midterms fast approach, the bill’s prospects this year remain uncertain. The crypto industry is urging Congress…
Key Takeaways The Consumer Technology Association, which represents more than 1,200 technology companies, is seeking clearer federal rules for digital assets. Firms say uncertainty complicates compliance, product launches, and long-term investment planning. Senate action could determine how U.S. markets compete with clearer overseas frameworks. CTA Calls for Swift Senate Action on CLARITY Act The Consumer…
