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Congress must understand: Block rewards are newly created property, not income.
Mining bitcoin creates new property. The Bitcoin software permits those who successfully validate transactions to create new coins for themselves. There are currently more than 20 million bitcoins in circulation,...
The BRCA is ready to become law
Coin Center has advocated for a safe harbor from money transmission licensing and liability since 2016. That effort began to bear fruit when Representatives Tom Emmer and Darren Soto introduced...
Digital Identity is broken. The tech to fix it is ready. Here’s how the government can help.
For decades, America has relied on an identity verification system that is costly, intrusive, and ineffective. It fails to stop serious crime, while burdening ordinary people with endless paperwork and...
Six months of crypto policy: The good, the bad, and the lingering questions
We’re six months into the new administration and the 119th Congress. So much has happened that it’s difficult to keep it all straight. For clarity, here are the big news...
Coin Center director of policy Jason Somensatto testified on fair tax treatment for block rewards and de minimis crypto transactions. Hearing information is available here. Jason's testimony is available here....
It’s time to pass the CLARITY Act
Coin Center supports the passage of the Digital Asset Market Clarity (CLARITY) Act of 2025 and will continue engagement with Congress to ensure that final market structure legislation upholds Coin...
Torres and Emmer Reintroduce the Blockchain Regulatory Certainty Act
This week, Representatives Ritchie Torres (D-NY) and Majority Whip Tom Emmer (R-MN) reintroduced the Blockchain Regulatory Certainty Act (BRCA)—a bipartisan bill that offers essential clarity for developers, miners, stakers, and...
An amendment to the GENIUS act would give the President unchecked power over open source software
Senator Jack Reed has submitted an amendment to the GENIUS Act in the Senate that would overturn the Tornado Cash sanctions ruling in the Fifth Circuit, and explicitly give the...
What the Proposed 5% Remittance Tax Means for Crypto Users
Over the past few months the new Congress and Administration have shown that they can approach crypto regulation with deliberation and respect for process: the repeal of the broker rule...
It’s time for Congress to kill the broker rule.
We anticipate that Congress will soon vote on a joint resolution to revoke the IRS’s unconstitutional December broker rule.1 The December rule obligates mere software and infrastructure providers to identify...