Crypto lobby Blockchain Association pitches tax plan to Congress

CoinTelegraph

by Brayden Lindrea

February 25, 2026

AI-Generated Deep Dive Summary

The Blockchain Association, a prominent U.S. cryptocurrency lobby group, has presented its tax policy proposals to Congress, aiming to shape key regulatory frameworks for the crypto industry. The association’s recommendations include treating stablecoins as cash for everyday transactions and implementing a de minimis tax exemption for “low-dollar” crypto transfers. However, it also advocates for taxing income generated from mining and staking activities. These positions reflect the industry's efforts to align cryptocurrency with traditional financial systems while addressing concerns over regulatory complexity and compliance costs. The proposal highlights a significant shift in how crypto assets might be treated under U.S. tax law. By designating stablecoins as equivalent to cash, the association aims to simplify reporting for users engaged in routine purchases. This move could reduce administrative burdens on individuals, who currently face challenges tracking minor transactions. The de minimis exemption would further alleviate the financial strain on taxpayers from negligible gains or losses, a point the association argues is both practical and necessary to prevent overwhelming

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Originally published on CoinTelegraph on 2/25/2026