A coalition of more than 65 crypto firms, led by the Solana Policy Institute, has written to U.S. President Donald Trump calling for immediate regulatory clarity for digital assets.
The group urged the administration to take executive action on taxation, enforcement, and developer protections without waiting for new legislation from Congress.
The letter, sent on November 20, asks Trump to direct federal agencies—including the Treasury, IRS, SEC, CFTC, and Justice Department—to adopt crypto-friendly policies.
The coalition’s goal is to ensure that the U.S. remains a global hub for innovation, investment, and development in the digital asset space.
Key demands from the coalition:
- Clarify crypto taxation: Treat staking and mining rewards as self-created property taxed only when sold or converted. Implement a $600 exemption for small crypto transactions and define activities such as bridging and wrapping tokens as non-taxable.
- Protect developers: Drop charges against Tornado Cash developer Roman Storm, and provide temporary exemptions from SEC and CFTC enforcement for developers of open-source or permissionless protocols.
- Improve interagency coordination: Ensure consistent rules across federal departments and support self-custody for digital assets. Update FinCEN guidance to confirm that the Bank Secrecy Act does not apply to noncustodial blockchain software.
- Streamline regulation: Encourage agencies to use existing authority to provide exemptive relief for DeFi and other digital asset technologies.
The coalition includes major firms such as Coinbase, Uniswap Labs, and Exodus, and takes inspiration from recommendations in the President’s Working Group Report on Digital Assets released earlier this year.
The group said swift action would send a clear signal that the U.S. supports innovation while providing legal certainty for developers and investors.
