--- title: "Blockchain Association urges Congress to pass crypto tax legislation" description: "The Blockchain Association sent a letter to Senate and House leaders asking Congress to pass bipartisan digital asset tax legislation, Bitcoin Magazine reported, citing the group's first broad tax push since the Clarity Act failed in the Senate last month. Chief Policy Officer Lindsay Fraser signed…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-blockchain-association-presses-congress-crypto-0ff3d5d2385ac8" published: 2026-10-22T19:51:16.000Z updated: 2026-10-22T20:52:02.000Z indexable: false --- # Blockchain Association urges Congress to pass crypto tax legislation The Blockchain Association sent a letter to Senate and House leaders asking Congress to pass bipartisan digital asset tax legislation, Bitcoin Magazine reported, citing the group's first broad tax push since the Clarity Act failed in the Senate last month. Chief Policy Officer Lindsay Fraser signed… Attributed sources: [Bitcoin Magazine]() ## Key facts The Blockchain Association sent a letter to Senate and House leaders asking Congress to pass bipartisan digital asset tax legislation, Bitcoin Magazine reported, citing the group's first broad tax push since the Clarity Act failed in the Senate last month. Chief Policy Officer Lindsay Fraser signed the letter, which argues the rules for the 67 million Americans holding digital assets were written for a different era, and the group launched TaxClarityforAmerica.com. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.04% (22/10/2026, 19:51 → 22/10/2026, 19:56, UTC; Gate · USDT); 1 hour: -0.40% (22/10/2026, 19:51 → 22/10/2026, 20:51, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 22/10/2026, 19:51, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.04% | -0.04% | 0.00 pp | 22/10/2026, 19:51 → 22/10/2026, 19:56 | Gate · USDT | | 1 hour | -0.40% | -0.40% | 0.00 pp | 22/10/2026, 19:51 → 22/10/2026, 20:51 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 22/10/2026, 19:51 | ## Claims and open questions - The Blockchain Association asked congressional leaders to pass bipartisan crypto tax legislation, citing rules it said govern the 67 million Americans who hold digital assets, according to Bitcoin Magazine. - The letter, signed by Chief Policy Officer Lindsay Fraser, seeks a de minimis exemption for small transactions, cash treatment for stablecoins, taxation of mining and staking rewards at sale rather than receipt, and broker reporting limited to firms holding customer assets, Bitcoin Magazine reported. - The Ways and Means Committee approved the Digital Asset Tax Certainty Act, H.R. 10357, a 114-page package that exempts network fees under $10 from capital gains reporting, while a mining and staking deferral bill, H.R. 9175, was dropped from the released text, per Bitcoin Magazine. - Will the Blockchain Association endorse either the House package or the Senate's ADAPT Act, given the letter named neither bill? - Will mining and staking reward deferral be restored in any later version of the House bill or in Senate legislation? ## Source evidence - [Blockchain Association Presses Congress on Crypto Taxes as Clarity Act Stalls]() — Bitcoin Magazine; published 22/10/2026, 19:51; received 22/10/2026, 19:51 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Bitcoin institutional adoption: CME, spot ETFs and SPY correlation]() - [XRP lawsuit and Ethereum ETFs: reading SEC filings and rulings]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.