{"id":52096,"date":"2025-11-22T07:31:45","date_gmt":"2025-11-22T07:31:45","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=52096"},"modified":"2025-11-22T07:31:45","modified_gmt":"2025-11-22T07:31:45","slug":"crypto-leaders-demand-action-from-trump-now","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/crypto-leaders-demand-action-from-trump-now\/","title":{"rendered":"Crypto Leaders Demand Action from Trump Now"},"content":{"rendered":"\n

Recent developments indicate that over 65 organizations involved in cryptocurrency have come together to send a unified letter<\/a> to President Donald Trump, advocating for urgent clarification on tax and regulatory frameworks regarding digital currencies.<\/p>\n

The coalition expressed that regulatory bodies can act decisively to foster American innovation in the crypto space without awaiting congressional approval. They have specified a series of amendments they would like to see implemented swiftly.<\/p>\n

Prominent organizations endorsing the letter include well-known names within the crypto landscape such as Coinbase, Uniswap Labs, Exodus, and the Blockchain Association, alongside the Solana Foundation<\/a> and the Solana Policy Institute, which played a pivotal role in mobilizing this effort.<\/p>\n

Reports<\/a> also reveal that additional groups like Block, Paradigm, and the Crypto Council for Innovation have joined this urgent appeal for action.<\/p>\n

\n

1\/ A unified front of over 65 crypto organizations has voiced a clear message: it\u2019s time for regulatory agencies to step in.<\/p>\n

Their letter to @POTUS<\/a> outlines immediate actions that @SECGov<\/a>, @CFTC<\/a>, @USTreasury<\/a>, and @TheJusticeDept<\/a> can adopt.\u2026 pic.twitter.com\/44zY97eeXe<\/a><\/p>\n

\u2014 Solana Policy Institute (@SolanaInstitute) November 20, 2025<\/a><\/p>\n<\/blockquote>\n

<\/span>Clarifying Tax Regulations and Protection for Developers<\/span><\/h2>\n

The letter emphasizes the necessity for clearer tax policies regarding regular cryptocurrency<\/a> transactions. The coalition requests that rewards from staking and mining be classified as self-created assets, taxable only upon sale or conversion rather than when received.<\/p>\n

The advocates are also proposing a \u201cde minimis\u201d exemption\u2014citing a figure around $600\u2014to alleviate tax burdens on minor transactions that individuals do not consider taxable.<\/p>\n

Furthermore, the letter requests regulations that would prevent routine operations such as forks, airdrops, and collateral movements from automatically incurring tax implications.<\/p>\n

<\/p>\n

<\/span>Immediate Action from Regulatory Bodies Encouraged<\/span><\/h2>\n

Industry representatives urge the White House that regulatory agencies like the SEC, CFTC, Treasury, and DOJ can provide interim guidelines, \u201cno-action\u201d letters, or exemptive relief to enable developers the freedom to innovate.<\/p>\n

Sources indicate that the coalition advocates for targeted safe harbors and regulatory sandboxes to shield developers of open-source software and support self-custody solutions for users. This initiative is viewed as a temporary administrative measure while more extensive regulations are developed.<\/p>\n

<\/p>\n

<\/span>The Importance of a High-Profile Legal Case<\/span><\/h2>\n

In addition, the coalition has prompted the government to engage the Department of Justice regarding the reconsideration of charges<\/a> placed on Roman Storm, the developer associated with Tornado Cash, advocating that his contributions should be seen as software publication rather than criminal behavior.<\/p>\n

This request underscores the community\u2019s broader worries about the blurring line between coding and criminality.<\/p>\n

<\/span>Context within the White House’s Agenda<\/span><\/h2>\n

The letter surfaces amid a comprehensive executive initiative on cryptocurrency that kicked off with a directive signed on January 23, 2025, which established a Presidential Working Group on Digital Asset Markets for a collaborative governmental approach.<\/p>\n

The industry views this latest letter as a practical follow-up\u2014a means for agencies to implement immediate changes to clarify regulatory standards while awaiting the longer-term reports and proposals from the working group.<\/p>\n

Featured image from CP Image\/Policy Options, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Recent developments indicate that over 65 organizations involved in cryptocurrency have come together to send a unified letter to President Donald Trump, advocating for urgent clarification on tax and regulatory frameworks regarding digital currencies. The coalition expressed that regulatory bodies can act decisively to foster American innovation in the crypto space without awaiting congressional approval. […]<\/p>\n","protected":false},"author":14,"featured_media":52097,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Leaders Demand Action from Trump Now - Bitrabo","description":"Recent developments indicate that over 65 organizations involved in cryptocurrency have come together to send a unified letter to President Donald Trump, advoca"},"footnotes":""},"categories":[316],"tags":[504,1052,612,671,3656,2377,3311],"class_list":["post-52096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto","tag-fall","tag-firms","tag-lead","tag-letter","tag-trump","tag-unite"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/52096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=52096"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/52096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/52097"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=52096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=52096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=52096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}