Blockchain Association Presses Congress On Crypto Taxes As Clarity Act Stalls
Bitcoin Magazine
Last updated: October 23, 2026
The Blockchain Association is urging Congress to pass bipartisan cryptocurrency tax legislation, specifically mentioning the stalled Clarity Act and a House bill that removed mining and staking relief. With Congress in recess until after the midterms, the urgency for clarity on these tax issues is high.
- The Blockchain Association has formally requested that congressional leaders prioritize and pass cryptocurrency tax legislation. This call comes amidst significant hurdles for existing proposals, including the near-halt of the Clarity Act.
- Furthermore, a key House bill has reportedly seen its provisions for mining and staking tax relief removed, diminishing its potential to address broader industry concerns.
- The association's plea for action occurs as Congress is set to adjourn for the midterm elections, creating a limited window for legislative progress before their return.
- The current political and legislative landscape offers little immediate opportunity for the requested tax clarity to be enacted.
- The ongoing uncertainty surrounding crypto tax regulations poses challenges for the digital asset industry.
- Passage of bipartisan legislation is seen as crucial for providing regulatory certainty and fostering growth within the sector.
