1/ Today, 65+ crypto organizations, from major trade associations to builders, investors, and advocates, spoke together with one voice: it's time for federal agencies to act. Our letter to @POTUS outlines immediate steps @SECGov, @CFTC, @USTreasury, and @TheJusticeDept can take. No legislation required.
2/ Tax Clarity: @USTreasury and the @IRSnews can end the uncertainty that's pushing activity offshore. Digital assets created from staking should be taxed like other newly created property – upon sale, not creation.
3/ Regulatory Clarity: @SECGov and @CFTC can give developers the certainty they need to build here, not abroad. Interim guidance and exemptive relief can protect innovators while final rules are finalized, without sacrificing oversight.
4/ Protect Developers: @TheJusticeDept should dismiss charges against @rstormsf and end regulation by prosecution. Developers need to know the U.S. will defend good-faith innovation, not criminalize software development.
5/ This isn't a wish list. Nearly all of these recommendations come from the @POTUS Working Group Report on Digital Assets. The roadmap exists. Now agencies must act to cement American leadership in crypto.
6/ Read the full letter:
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