Digital Currency Advocates Court Trump Amid Congressional Quagmire
Crypto Advocates Urge Trump to Deliver Amid Congressional Standoff
Trade organizations dispatched a letter to President Donald Trump requesting fresh fiscal strategy and governmental body action on efforts distinct from Congress' market framework endeavors.
By Jesse Hamilton|Edited by Nikhilesh De Nov 20, 2025, 9:59 p.m.
What to know:
- Digital currency industry lobbyists have tried to recruit President Donald Trump as a political collaborator to propel different programs whilst Congress advances at a sluggish pace on digital assets law.
- A dispatch from upwards of 60 crypto alliances and firms solicited aid on a collection of federal policy adjustments, encompassing levies, developer safeguards, individual custody and mining.
A multitude of crypto organizations appealed to President Donald Trump for assistance with the political strategies his government can execute while Congress persists in brokering forthcoming procedures on the market arrangement legislation that has been the sector's Washington emphasis.
The correspondence, spearheaded by the newly formed Solana Policy Institute and endorsed by participants such as the Blockchain Association, Digital Chamber, Crypto Council for Innovation and DeFi Education Fund, zeroed in on what they portrayed as "expedited accomplishments to supplement lawmaking endeavors."
The legislative pursuits — most significantly the Senate's dialogues concerning the particulars of its bill that might ultimately be a response to the House of Representatives' Digital Asset Market Clarity Act — have faced delays extending far beyond the initial timeframes presented by Trump and his legislative comrades. Nevertheless, amid that procedure, the Securities and Exchange Commission and Commodity Futures Trading Commission have initiated a selection of crypto policy initiatives.
The industry entreated the president to ensure "that origin-accessible, permissionless protocol and front-end designers are not exposed to enforcement while applicable regulation advances," and that the SEC and CFTC ought to safeguard individuals' capacity to self-govern their crypto holdings. Furthermore, the groups advocated for protections spanning diverse bodies for decentralized finance (DeFi) innovations.
The dispatch — additionally endorsed by an array of crypto enterprises, ventures, and investment houses including Uniswap, Paradigm, and FalconX — likewise sought numerous taxation deliberations by the Internal Revenue Service, incorporating guidelines clarifying that mining and staking incentives should not be taxed until the properties are vendored and that minimal revenues triggered in the procurement of goods or amenities should be discounted as taxable incidents.
Numerous tax-centric solicitations mirror legislative stipulations suggested by lawmakers such as Senator Cynthia Lummis, the Wyoming Republican who directs the Senate Banking Committee's crypto subcommittee.
"Within just the inaugural year of your presidential term, the Trump government and Congress have revealed unparalleled opportunity for crypto investors, users, and developers," the dispatch conveyed, directly addressing Trump, who has been a solid proponent for crypto advancement and maintains financial connections to various commercial enterprises within the sector. The industry expressed that he can contribute through "a powerful, government-wide approach on crypto to fulfill your goal of establishing America as the globe's crypto hub."
The industry is furthermore seeking a termination to any Department of Justice chase after "designers of DeFi technology, encompassing open-source software conventions that are decentralized and permissionless, on matters concerning civil accountability." The DOJ fruitfully prosecuted designers of crypto mixers Tornado Cash and Samourai Wallet, with the latter's designers being sentenced to a minimum of four years imprisonment each.
