Blockchain Association Proposes Modernized Crypto Tax Framework Amid Regulatory Stalemate
The Blockchain Association has unveiled a new tax policy framework for digital assets as legislative progress on the CLARITY Act stalls. Representing over 125 crypto firms, the Washington-based group aims to shape U.S. tax policy to reflect the unique characteristics of blockchain transactions.
CEO Summer Mersinger emphasized the need for practical rules that balance compliance with innovation. The proposal includes a key provision for de minimis exemptions on small transactions—a MOVE that could significantly reduce reporting burdens for retail users.
This initiative comes as the association participates in WHITE House discussions about digital asset regulation. The principles document positions itself as a middle ground between innovation and oversight, seeking to maintain U.S. competitiveness in the global crypto economy.
