67 Million Crypto Holders Could Benefit as Industry Group Pushes Tax Reform in Congress

The Blockchain Association, a trade group representing crypto companies and investors, has asked Congress to revise federal tax rules governing digital assets. The organization said current rules place an unfair burden on an estimated 67 million Americans who hold cryptocurrency in some form. According to reporting from Unchained, the group released ten principles it wants lawmakers to use as a framework for new legislation. The principles are meant to guide how Congress approaches taxation of digital assets going forward, though specific details of each principle were not fully outlined in available reporting.