Blockchain Association Pushes Stablecoin and De Minimis Tax Reform in Congress

[lingriiddd]

Blockchain Association has formally presented its crypto tax policy recommendations to Congress, calling for stablecoins to be treated as cash for everyday purchases and for a de minimis exemption on low-value crypto transactions. The group argues that taxing minor gains on routine transactions creates unnecessary reporting burdens for individuals while offering little meaningful revenue benefit to the government.

The proposal also supports extending wash-sale rules to digital assets and treating mining and staking rewards as self-created property — meaning they would be taxed only when sold rather than upon receipt. The lobbying effort comes as lawmakers draft new crypto tax legislation, positioning the industry’s recommendations at the center of a rapidly evolving policy debate in Washington.

[cryptohog]

imagine explaining to the irs that your sandwich triggered a taxable event