As this newsletter's readers are aware, the US Congress has been debating market structure legislation for the past few months, but the scope of crypto policy discussions extends far beyond this single issue, encompassing topics such as taxes, decentralized finance regulations, the upcoming midterm election, and the roles of individual states. CoinDesk's Consensus Miami conference will delve into each of these issues in detail. The intersection of cryptocurrency and government is a key area of focus. The past year has seen significant developments, including the signing of the first major crypto-specific legislation by US President Donald Trump and a shift in the approach of regulators to enforcement actions.
Congress has been debating the finer points of issues like the treatment of stablecoin yield, indicating that the crypto industry has become a major player. Despite some setbacks, such as stagnant crypto prices and time running out for Congress to pass market structure legislation, there are positive developments, including proposed rules for stablecoin companies and potential reforms to US crypto tax policy. The industry is seeking tax reform, including a de minimis exemption for crypto transactions, and is looking ahead to the November elections. The Consensus Miami conference will bring together leading lawmakers, regulators, and industry experts to discuss these issues.
The event will feature a Policy & Regulation Summit, which will explore key policy and regulatory issues, including decentralized finance compliance with anti-money laundering rules, taxes in the new 1099-DA era, and the Clarity Act. The conference will also include sessions focused on the 2026 midterm election and its potential impact on the crypto industry. The event will close with a debate on prediction markets, a topic that is likely to be considered by the US Supreme Court. Readers can sign up for future editions of the newsletter and join the conversation on Telegram.