Market News

Blockchain Association Responds to Legislators’ Call, Offers Input on Cryptocurrency Tax Guidelines

Association, Blockchain, Call, Cryptocurrency, Guidelines, Input, Legislators, Offers, Responds, Tax

The Blockchain Association Responds to Legislators’ Call for Input on Cryptocurrency Tax Guidelines


The Blockchain Association, a crypto advocacy organization based in the United States, has put forth recommendations for lawmakers to contemplate regarding potential legislation concerning the taxation of digital assets. In a letter dated Sept. 8, 2023, and addressed to U.S. Senators Mike Crapo and Ron Wyden, the Blockchain Association voiced its support for the Keep Innovation in America Act, a bill aimed at altering the reporting obligations imposed on specific individuals engaged in cryptocurrency transactions.

Balance in Tax Treatment

According to the association, any legislative proposals introduced in the halls of Congress should establish a balance in the tax treatment of cryptocurrency and traditional assets. Furthermore, it should elucidate the prerequisites for disclosing income generated through activities such as staking and…


The Blockchain Association’s recommendations provide valuable insights for lawmakers as they consider potential legislation on the taxation of digital assets. By establishing a balance in tax treatment and clarifying disclosure requirements, the association aims to ensure fair and transparent taxation in the cryptocurrency industry.

About CryptoCurrencyWire

CryptoCurrencyWire (CCW) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers:

  • Access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics, and diverse industries
  • Article and editorial syndication to 5,000+ outlets
  • Enhanced press release enhancement to ensure maximum impact
  • Social media distribution via IBN to millions of social media followers
  • A full array of tailored corporate communications solutions

Contact Information

New York, NY
212.994.9818 Office
[email protected]


Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published:

Powered by IBN

CryptoCurrencyWire is powered by IBN

Leave a Comment