The groups said agencies can move now to protect US innovation without waiting for Congress, and they laid out a set of specific fixes they want applied quickly.
1/ Today, 65+ crypto organizations, from major trade associations to builders, investors, and advocates, spoke together with one voice: it’s time for federal agencies to act.
The groups also proposed a “de minimis” carve-out — an example figure mentioned in coverage was $600 — to avoid taxing tiny transfers that users don’t think of as taxable events.
The signers want rules that say routine operations like bridges, forks, airdrops, collateral moves, and liquidations should not automatically trigger tax events.
Industry leaders told the White House that agencies such as the SEC, CFTC, Treasury and DOJ can grant interim guidance, “no-action” letters, or exemptive relief to give builders room to work.
Reports say the groups pressed for targeted safe harbors and regulatory sandboxes to protect developers who publish open source code and to support self-custody options for everyday users. The push is framed as a short-term administrative fix while longer rulemaking proceeds.
That request reflects broader industry concern about cases that, they say, blur the line between building code and committing a crime.
The letter lands in the context of an executive push on crypto that began with an order signed on January 23, 2025, which set up a Presidential Working Group on Digital Asset Markets to coordinate a whole-of-government approach.
The industry frames the new letter as a practical follow-up: these are steps agencies could take now to make the rules clearer while the working group’s longer reports and proposals move forward.
Featured image from CP Image/Policy Options, chart from TradingView
