As followers of this newsletter are aware, the US Congress has been debating market structure legislation over the past few months. However, discussions around crypto policy encompass a wide range of issues, including taxation, regulations for decentralized finance, the upcoming midterm elections, and more. CoinDesk's Consensus Miami conference will delve into these topics in depth.
This newsletter examines the intersection of cryptocurrency and government, and you can sign up for future editions here. Recently, there have been notable developments in policy changes around digital assets. Last year, the US President signed the first significant crypto-specific legislation, and regulators have shifted their approach to enforcement actions.
Congress has been debating the finer details of issues like stablecoin yield treatment. The crypto industry has gained significant recognition, with the price of bitcoin soaring to over $120,000 last year.
Although crypto prices have been stagnant this year, regulators have begun proposing rules for stablecoin companies, and lawmakers are considering 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. Consensus Miami will bring together leading lawmakers, regulators, and industry experts to discuss these topics.
The conference will feature a Policy & Regulation Summit, which will explore key policy and regulatory issues, including decentralized finance compliance with anti-money laundering rules and the implications of the Clarity Act. The event will also include sessions focused on the 2026 midterm election and its impact on the crypto industry.
The Policy Summit will conclude with a debate on prediction markets, discussing whether they are a form of gambling or a novel financial instrument, and who should regulate them. These questions may eventually be addressed by the US Supreme Court, but Consensus Miami will provide a preview of the arguments.