Crypto Firms Urge Trump for Immediate Regulatory Clarity
- Over 65 crypto organizations, including Coinbase and Uniswap Labs, have petitioned President Donald Trump to direct federal agencies to clarify digital asset regulations.
- The letter calls for tax guidance on staking rewards, safe harbors for DeFi developers, and dismissal of charges against Tornado Cash developer Roman Storm.
- CFTC nominee Mike Selig is advancing toward Senate confirmation as the Treasury’s international crypto tax reporting rules reach White House review.
The coordinated effort by major industry players seeks to leverage executive power to expedite regulatory clarity in the U.S., aiming to establish it as a leading crypto hub. The push also highlights dissatisfaction with the current pace of legislative reform.
This initiative underscores the crypto community’s urgency for clear guidelines, particularly concerning taxation and legal protections for developers, amid evolving global standards on digital asset regulation. (Source)
