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Over 65 Crypto Firms Unite In Letter To Trump: Lead Or Fall Behind

According to experiences, greater than 65 crypto companies and advocacy teams have despatched a joint letter to US President (*65*) Trump urging fast motion to make clear tax and regulatory guidelines for digital property.

The teams stated businesses can transfer now to guard US innovation with out ready for Congress, and so they laid out a set of particular fixes they need utilized shortly.

The letter was signed by among the greatest names within the blockchain and crypto trade, together with Coinbase, Uniswap Labs, Exodus, Pantera, the Blockchain Association, the Solana Foundation, and the Solana Policy Institute, which helped lead the trouble.

Reports additionally say different teams corresponding to Block, Paradigm, Multicoin Capital, and the Crypto Council for Innovation joined the decision for fast motion.

Tax Rules And Developer Protections

The letter asks for clearer tax therapy for on a regular basis crypto exercise, together with a name to deal with staking and mining rewards as self-created property that may be taxed solely when bought or transformed, not when acquired.

The teams additionally proposed a “de minimis” carve-out — an instance determine talked about in protection was $600 — to keep away from taxing tiny transfers that customers don’t consider as taxable occasions.

The signers need guidelines that say routine operations like bridges, forks, airdrops, collateral strikes, and liquidations shouldn’t routinely set off tax occasions.

Regulators Urged To Move First

Industry leaders advised the White House that businesses such because the SEC, CFTC, Treasury and DOJ can grant interim steering, “no-action” letters, or exemptive aid to provide builders room to work.

Reports say the teams pressed for focused protected harbors and regulatory sandboxes to guard builders who publish open supply code and to assist self-custody choices for on a regular basis customers. The push is framed as a short-term administrative repair whereas longer rulemaking proceeds.

A Call Over A High-Profile Case

The coalition additionally requested the administration to induce the Department of Justice to drop or rethink charges in opposition to Roman Storm, the developer tied to Tornado Cash, arguing that his work must be handled as publishing software program quite than a prison act.

That request displays broader trade concern about instances that, they are saying, blur the road between constructing code and committing against the law.

Where This Fits In The White House Agenda

The letter lands within the context of an government push on crypto that started with an order signed on January 23, 2025, which arrange a Presidential Working Group on Digital Asset Markets to coordinate a whole-of-government strategy.

The trade frames the brand new letter as a sensible follow-up: these are steps businesses may take now to make the principles clearer whereas the working group’s longer experiences and proposals transfer ahead.

Featured picture from CP Image/Policy Options, chart from TradingView

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