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- Blockchain Association urges Congress to advance clear crypto tax reform rules in 2026.
- Summer Mersinger asks lawmakers to weigh digital asset tax policy principles in talks.
- Group says crypto tax reform should move with stablecoin and market structure bills.
The Blockchain Association backed bipartisan efforts in Congress to advance digital asset tax legislation, urging lawmakers to include crypto tax reform in the wider policy agenda. It said clear rules are needed for responsible growth, compliance, and U.S. competitiveness.
The appeal was made in a letter to House Ways and Means Committee Chairman Jason Smith and Ranking Member Richard Neal. The association said blockchain firms and digital asset users need tax guidance that reflects current market activity.
Summer Mersinger, chief executive officer of the Blockchain Association, signed the letter. During the discussion on the crypto tax rules, she urged the lawmakers to keep into account the group’s Principles on Digital Asset Tax Policy.
Crypto Tax Policy Moves Into Wider Regulation Debate
Congress’s attention has been on market structure and stablecoin regulation, the association said. It stated that the crypto tax policy should be shifted parallel to those endeavors, as tax policy impacts the users, developers, investors, and companies.
The letter said tax clarity supports innovation and compliance. It also stated that new regulations would safeguard taxpayers and provide a more stable environment for companies to develop digital asset products in the United States.
The association said that if the current situation remains unchanged, taxpayers and innovators will be in an outdated situation. It can either be a bipartisan rule-making effort for Congress or can be confusion with guidance.
Digital asset taxation has long been a challenging issue. According to IRS rules, the majority of cryptocurrency trades are considered property, which means that capital gains tax may apply when you sell or trade cryptocurrencies.
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The Blockchain Association said this is not a framework that is responsive to newer blockchain activity. It indicated the necessity for a modern crypto tax structure that will be able to facilitate compliance without unnecessary uncertainty.
Digital Asset Tax Reform Gains Fresh Attention
As digital asset market rules, tax reform should be part of the legislative push, the group said. It stated that the United States has the potential to bolster its financial technology footprint if lawmakers tackle both.
The new letter comes after another policy move by the Blockchain Association. It filed comments on May 18 on proposed regulation for payment stablecoin issuers under the GENIUS Act with the FDIC.
The association stated its view through that filing that stablecoin regulations should foster innovation and ensure safety and soundness. It also requested the FDIC not impose additional regulatory requirements on top of the GENIUS Act.
The crypto tax appeal is coinciding with House and Senate deliberations on digital asset legislation. The group believes it will have an opportunity for improvement in 2026, but lawmakers have yet to determine if they will take action.
The outcome remains uncertain. The letter also joins growing industry calls for a unified regulatory framework for digital assets, including regulation, stablecoins, market structure, and crypto tax treatment.
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