President Trump

Donald Trump

<p>A coalition of leading blockchain and digital-asset organizations has formally urged President Trump to accelerate clear federal rules for the fast-growing U.S. crypto economy. In a joint letter dated November 20, 2025, the Solana Policy Institute and several industry partners outlined a series of regulatory actions they say would unlock innovation, reduce legal uncertainty, and strengthen America’s position in global crypto leadership.</p>
<h3 id="industry-calls-for-immediate-tax-clarity">Industry Calls for Immediate Tax Clarity</h3>
<p>The coalition’s primary request centers on tax treatment, long considered one of the most ambiguous areas of U.S. crypto policy. The letter asks the Trump Administration to instruct federal agencies to finalize guidance on:</p>
<ul>
 <li>Tax treatment of staking rewards and mined assets</li>
 <li>Nonrecognition rules so that bridging assets or migrating chains doesn’t trigger taxable events</li>
 <li>Standardized handling of airdrops</li>
</ul>
<p>Industry groups argue that the absence of clear IRS rules slows adoption and discourages ordinary users and builders from participating in Web3 networks.</p>
<blockquote class="twitter-tweet">
 <p><img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f6a8.png" alt="🚨">NEWS: <a href="https://twitter.com/SolanaInstitute?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SolanaInstitute</a> and 65+ crypto organizations sent a joint letter to President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a> urging him to direct federal agencies to deliver “tax clarity on staking/mining, nonrecognition (non-taxable) treatment for bridging, clear rules for airdrops, safe harbors for… <a href="https://t.co/ggEQOBZgYG" rel="noopener noreferrer nofollow">pic.twitter.com/ggEQOBZgYG</a></p>
 <p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1991514811864371236?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 20, 2025</a></p>
</blockquote>
<p></p>
<h3 id="defi-protections-and-self-custody-rights-spotlighted">DeFi Protections and Self-Custody Rights Spotlighted</h3>
<p>Beyond tax issues, the letter emphasizes the importance of safeguarding permissionless innovation. It specifically requests “safe harbor” protections for DeFi protocols, which would allow developers to build open financial tools without fear of retroactive enforcement.</p>
<p>The signatories also insist that Americans’ ability to hold their own digital assets, self-custody, must remain protected, calling it a defining principle of blockchain technology and personal financial autonomy.</p>
<h3 id="support-for-trump-s-first-year-crypto-actions">Support for Trump’s First-Year Crypto Actions</h3>
<p>The organizations praise several steps taken during President Trump’s first year, including:</p>
<ul>
 <li>The reversal of past Labor Department restrictions on digital assets in retirement accounts</li>
 <li>The nullification of the IRS Broker Rule, which the industry viewed as overly burdensome</li>
 <li>The progress of the GENIUS Act, a sweeping policy framework aimed at modernizing crypto regulation</li>
</ul>
<p>According to the letter, these early moves have already sparked a new wave of U.S.-based blockchain activity and widened access for investors and entrepreneurs.</p>
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<h3 id="push-for-a-comprehensive-market-structure-bill">Push for a Comprehensive Market Structure Bill</h3>
<p>The letter also urges Congress and the White House to finalize a long-awaited market-structure framework that would define federal oversight for crypto trading platforms, custodians, token issuers, and stablecoins. Industry groups say passing the bill is essential to preventing the U.S. from falling behind jurisdictions that have already established clear digital-asset regimes.</p>
<h3 id="a-whole-of-government-strategy-requested">A “Whole-of-Government” Strategy Requested</h3>
<p>While legislative work continues, the coalition argues that federal agencies can deliver near-term wins by coordinating on aligned policies. Their request: a unified, cross-agency crypto strategy that covers taxation, disclosures, consumer protections, and innovation pathways.</p>
<p>The letter closes by reinforcing the groups’ shared goal, ensuring that the United States becomes the most competitive global hub for blockchain development, investment, and digital-asset entrepreneurship.</p>
<p>The post <a href="https://www.ethnews.com/solana-policy-institute-leads-push-urging-donald-trump-to-deliver-clear-u-s-crypto-tax-and-defi-rules/" rel="noopener noreferrer nofollow">Solana Policy Institute Leads Push Urging Donald Trump to Deliver Clear U.S. Crypto Tax and DeFi Rules</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Solana Policy Institute Leads Push Urging Donald Trump to Deliver Clear U.S. Crypto Tax and DeFi Rules

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