Dozens of cryptocurrency advocacy groups have petitioned President Donald Trump to advance crypto-friendly policies while Congress stalls on market structure legislation. The letter highlights opportunities for executive action amid ongoing delays in Senate negotiations on digital asset regulations.
Led by the Solana Policy Institute and signed by prominent organizations including the Blockchain Association and Crypto Council for Innovation, the coalition seeks immediate measures to support the crypto sector during legislative uncertainty.
Calls for Regulatory Clarity and Enforcement Protections
The letter urges the Trump administration to ensure that developers of permissionless, source-available protocols are shielded from enforcement actions as rulemaking proceeds. It also requests protections for self-custody of crypto assets by users, emphasizing the need for clear guidance from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
Signatories also advocate for safeguards to foster decentralized finance (DeFi) innovations across federal agencies, aiming to prevent regulatory crackdowns that could hinder sector growth.
Tax Guidance and Legislative Alignment
In addition to regulatory concerns, the coalition calls on the Internal Revenue Service (IRS) to clarify tax policies related to mining and staking rewards. Specifically, the groups propose that taxes on such rewards be deferred until assets are sold, and that small gains from cryptocurrency purchases should not trigger taxable events.
These tax recommendations align closely with legislative proposals from Senator Cynthia Lummis, who chairs the Senate Banking Committee’s crypto subcommittee and has introduced measures aimed at refining digital asset tax treatment.
Industry Seeks Whole-of-Government Approach
Addressing President Trump directly, the letter states, “In just the first year of your presidency, the Trump administration and Congress have unlocked unprecedented opportunity for crypto investors, users, and builders.” It highlights Trump’s prior support for the crypto sector and urges a comprehensive government strategy to maintain U.S. leadership in digital assets.
Request to Halt DOJ Prosecutions Against DeFi Developers
The coalition also calls for an end to Department of Justice actions targeting developers of decentralized finance technologies, including open-source and permissionless protocols. This follows DOJ prosecutions of developers linked to crypto mixers Tornado Cash and Samourai Wallet, with the latter’s developers receiving prison sentences exceeding four years.
Signatories include a broad array of crypto businesses, projects, and investment firms such as Uniswap, Paradigm, and FalconX, reflecting widespread industry concern over regulatory and legal pressures.
