Coin Center director of policy Jason Somensatto testified on fair tax treatment for block rewards and de minimis crypto transactions. Hearing information is available here.
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It’s time to pass the CLARITY Act
Coin Center supports the passage of the Digital Asset Market Clarity (CLARITY) Act of 2025 and will continue engagement with Congress to ensure that final market structure legislation upholds Coin...
Torres and Emmer Reintroduce the Blockchain Regulatory Certainty Act
This week, Representatives Ritchie Torres (D-NY) and Majority Whip Tom Emmer (R-MN) reintroduced the Blockchain Regulatory Certainty Act (BRCA)—a bipartisan bill that offers essential clarity for developers, miners, stakers, and...
An amendment to the GENIUS act would give the President unchecked power over open source software
Senator Jack Reed has submitted an amendment to the GENIUS Act in the Senate that would overturn the Tornado Cash sanctions ruling in the Fifth Circuit, and explicitly give the...
What the Proposed 5% Remittance Tax Means for Crypto Users
Over the past few months the new Congress and Administration have shown that they can approach crypto regulation with deliberation and respect for process: the repeal of the broker rule...
It’s time for Congress to kill the broker rule.
We anticipate that Congress will soon vote on a joint resolution to revoke the IRS’s unconstitutional December broker rule.1 The December rule obligates mere software and infrastructure providers to identify...
The Virtual Currency Tax Fairness Act was introduced by Senator Ted Budd and cosponsored by Senators Kyrsten Sinema, Kirsten Gillibrand, and Cynthia Lummis. The bill creates a sensible de minimis...
Senate Attaches Controversial Crypto Sanctions Bill to Must-Pass Intelligence Legislation
A version of the Terrorist Financing Prevention Act (TFPA) has been attached to a must-pass intelligence authorization bill in the Senate. We have not written about the TFPA before because,...
New Legislation Proposes Clear Tax Guidelines for Crypto Block Rewards
A bill was introduced in Congress which would clarify that taxes on block rewards are not due at the time of acquisition, but instead upon their sale or disposition. The...
Senate Bill Risks Innovation and Free Speech with Stablecoin Ban
Sens. Cynthia Lummis and Kirsten Gillibrand this week introduced a bill to create a regulatory framework for stablecoins, which is a laudable endeavor. Unfortunately that bill also includes a complete...