Crypto Groups Urge Trump for Support Amid Legislative Delays
- Dozens of crypto organizations, led by the Solana Policy Institute, petitioned President Trump for policy support during Congressional negotiations.
- The letter emphasizes “quick wins” while awaiting progress on the Senate’s Digital Asset Market Clarity Act.
- Industry leaders requested protections for decentralized finance (DeFi) innovations and self-custody rights from the SEC and CFTC.
- Taxation requests include delaying taxes on mining and staking rewards until assets are sold, similar to proposals by Senator Cynthia Lummis.
- The groups also called for an end to DOJ actions against developers of DeFi technology, following recent prosecutions of Tornado Cash developers.
The crypto industry is seeking immediate policy changes as Congress deliberates legislation affecting market structure and taxation. This push highlights the urgency for regulatory clarity in the evolving digital asset landscape.
With ongoing delays in legislative processes, industry advocates emphasize that timely action could significantly impact DeFi innovation and investor confidence in the sector.
