65 Crypto Groups Dey Beg Trump Make E Clear Crypto Regulation and Tax

Pass 65 crypto an blockchain organisations dem—like Coinbase, Uniswap Labs, Pantera, di Blockchain Association, Solana Foundation an Paradigm—dem don send joint letter go President Trump to beg make e take immediate executive action to clear crypto regulation an di digital asset tax rules dem. Di coalition dey ask key agencies dem—SEC, CFTC, Treasury, FinCEN, FTC an DOJ—to: treat staking an mining rewards as self-created property wey go dey taxed only when dem sell or convert am; adopt de minimis carve-out (like $600) to make minor transfers no need tax; clear say wrapping, bridging, cross-chain transfers, forks, airdrops, collateral moves an liquidations no go trigger tax events; issue no-action letters an start regulatory sandboxes for permissionless protocol developers an self-custody services dem; confirm say Bank Secrecy Act no dey apply to non-custodial software; an drop all di charges against Tornado Cash developer Roman Storm. Di letter praise di administration wey reverse IRS Broker Rule an approve di GENIUS Act, dem stress say quick administrative guidance on crypto regulation an taxation na important thing to reduce uncertainty, boost market confidence an maintain US leadership for digital assets as di long-term rulemaking dey go on.
Bullish
Immediate executive guidance on crypto regulation and digital asset tax rules dey remove key uncertainties wey dey weigh down trading. For short term, markets dey often react positively to reduced regulatory risk, e dey boost sentiment and trading volumes. For long term, clear rules, de minimis carve-outs and regulatory sandboxes go encourage project launches, deeper liquidity and institutional participation. Together, these factors dey create bullish outlook for the crypto market.