Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty
Crypto industry groups urged President Trump to pursue executive actions for policy wins while Congress debates market structure legislation.Summary
Dozens of cryptocurrency industry groups, led by the Solana Policy Institute and including the Blockchain Association and Crypto Council for Innovation, sent a letter to President Donald Trump asking him to use executive power to advance policy initiatives outside of the stalled Congressional market structure legislation. The letter sought "quick wins" such as ensuring developers of permissionless protocols are not subject to enforcement while rulemaking proceeds, and protecting self-custody rights. The groups also requested specific tax clarifications from the IRS, including taxing mining/staking rewards only upon sale and ignoring small gains from purchases. Furthermore, they asked the Department of Justice to cease civil liability pursuits against developers of decentralized finance (DeFi) technology, referencing recent prosecutions of Tornado Cash and Samourai Wallet developers. The industry praised Trump's past support for crypto and asked him to champion a "robust whole-of-government approach" to make America the "crypto capital of the world."
(Source：CoinDesk)