The industry group laid out ten guiding principles it wants lawmakers to adopt before updating federal tax policy on digital assets.
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.
Crypto tax policy has long been a point of friction between the industry and federal regulators. Holders and companies have repeatedly flagged confusion over how transactions, rewards, and asset transfers should be reported and taxed. Advocacy groups have argued that outdated guidance fails to reflect how blockchain technology and digital assets actually function.
The 67 million figure cited by the Blockchain Association reflects estimates of how many Americans currently own some form of cryptocurrency. That scale underscores why the group is pressing Congress now, framing the issue as one affecting a broad swath of taxpayers rather than a narrow set of institutional investors.
This latest push comes as Congress continues to weigh broader crypto market structure legislation. Lawmakers have spent recent sessions debating how to regulate digital asset trading, custody, and classification. Tax treatment has often lagged behind those discussions, leaving holders to navigate ambiguous reporting requirements.
Industry groups like the Blockchain Association have increasingly used direct appeals to lawmakers as a strategy to shape policy outcomes. By presenting a structured set of principles rather than a single demand, the group appears to be aiming for a framework that can inform multiple pieces of legislation. Whether Congress acts on these principles, or incorporates them into existing proposals, remains to be seen.
The timing of the appeal, in late October 2026, places it within an active legislative period for digital asset policy. Tax rule changes typically require extended committee review, meaning any resulting legislation would likely take time to move through Congress even if lawmakers show early interest.
Market Impact
Any shift in crypto tax policy could directly affect how millions of individual holders report gains, losses, and rewards from digital assets. Clearer or more favorable rules could reduce compliance costs and encourage broader participation in crypto markets among retail investors.
For the industry, a coordinated set of principles from a major trade group may also influence how other advocacy organizations frame their own requests to Congress. Markets are unlikely to react sharply to lobbying efforts alone, since any tax rule changes would require formal legislation and could take months or years to materialize.
The Blockchain Association's appeal adds another voice to the ongoing debate over how the U.S. taxes digital assets. Its outcome will depend on how Congress balances industry requests against broader tax policy priorities in the months ahead.
Frequently Asked Questions
What is the Blockchain Association asking Congress to do?
The trade group is urging lawmakers to revise federal tax rules for digital assets and has proposed ten guiding principles for new legislation.
Where does the 67 million figure come from?
The Blockchain Association cited this as an estimate of the number of Americans who currently hold some form of cryptocurrency.
Has Congress responded to the proposal?
Available reporting does not indicate a formal congressional response yet, and any legislative action would likely take time to develop.
Why does crypto tax policy matter to holders?
Unclear or outdated tax rules can make it difficult for individuals to accurately report transactions, rewards, and asset transfers, creating compliance risk.
Originally reported by AltcoinGordon, written by Liam Carter. Republished with permission.
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