The BRCA survived Clarity’s markup. Do not give it up now.
Coin Center is encouraged by the advancement of the Clarity Act through the Senate Banking Committee with the Blockchain Regulatory Certainty Act (BRCA) included and not undermined by ill-conceived amendments....
Letter in support of the Digital Asset Market Clarity Act
A PDF version of this filing is available here. Dear Chairman Scott, Ranking Member Warren, Chairman Lummis, and Ranking Member Gallego: On behalf of Coin Center, I write to express...
The Wash-Sale Rule Would Break Crypto Tax Compliance
The legal and practical case against extending the tax code’s wash-sale rule to crypto
The wash-sale rule was designed for a narrow context: securities held as long-term investments, typically within a single account, where taxpayers can deliberately time tax losses without changing their economic...
Letter to the SEC regarding First Amendment limits on jurisdiction
A PDF version of this filing is available here. Dear Chair Atkins and Commissioner Peirce, This letter addresses a threshold issue for the Commission’s approach to digital assets: the First...
Software is Speech: Why Regulators Cannot Invent the Missing Middlemen
“i’m sorry that your warrantless surveillance regime was built on the assumption that people would always need intermediaries to transact” — unattributed
“i’m sorry that your warrantless surveillance regime was built on the assumption that people would always need intermediaries to transact” — unattributed Financial regulation has traditionally applied where a person...
Continuing the fight for developer rights with appeal to Fifth Circuit
With Coin Center’s support, developer Michael Lewellen is challenging the DOJ’s argument that he has no credible fear of prosecution for publishing his privacy software.
Michael Lewellen has filed a notice of appeal in Lewellen v. Garland to the U.S. Court of Appeals for the Fifth Circuit, seeking review of the district court’s March 25...
Treasury’s GENIUS report is encouraging but there is still work to be done
Privacy and Self-Sovereignty in Digital Identity, and why Congress should focus on CLARITY.
Introduction On March 6, pursuant to the GENIUS Act, the Department of Treasury published its report to Congress on “Innovative Technologies to Counter Illicit Finance Involving Digital Assets.” For background,...
Letter to the SEC’s Crypto Task Force
A PDF version of this filing is available here. Dear Chair Atkins and Commissioner Peirce, We appreciated your joint remarks at ETHDenver and are encouraged by the Commission’s stated interest...
Do Not Sacrifice Developer Protections in Market Structure
Coin Center's letter to members of the Senate Banking Committee on the importance of developer protections under the Blockchain Regulatory Certainty Act.
The Blockchain Regulatory Certainty Act (BRCA) must be an integral part of any market structure regime. There is no sustainable blockchain ecosystem in the US if developers who write or...
Senate Banking Nears Vote on Digital Asset Market Structure
Why the current draft largely gets developer protections right
The Senate Banking Committee is finally nearing a committee vote on market structure legislation. Coin Center’s priorities throughout have been twofold: first, to pass the Blockchain Regulatory Certainty Act (BRCA)...