As followers of this newsletter are aware, the US Congress has been debating legislation on market structure over the past few months. However, discussions around crypto policy encompass a wide range of issues, including taxes, regulations for decentralized finance, the upcoming midterm election, and more. The Consensus Miami conference, scheduled for next month, will delve into each of these topics in detail. The newsletter examines the intersection of cryptocurrency and government, and readers can sign up for future editions via a provided link.
Conversations in Miami will focus on significant policy changes surrounding digital assets. Last year, the US President signed the first major legislation specific to cryptocurrency, and regulators have altered their enforcement approach.
Congress has been debating the finer points of issues like stablecoin yield treatment. In essence, the crypto industry has gained recognition and is now a major player.
Although the industry experienced a surge last year, with bitcoin prices rising and legislation appearing imminent, the current year has seen stagnation in crypto prices and a narrowing window for Congress to pass market structure legislation. Despite this, regulators are proposing rules for stablecoin companies based on the GENIUS Act, and lawmakers are considering reforms to US crypto tax policy. The industry continues to push for tax reform, including a de minimis exemption for crypto transactions, and is awaiting the outcome of the market structure bill. The US will elect a new Congress in November, which will have a significant impact on the industry.
The Consensus Miami conference will bring together leading lawmakers, regulators, and industry experts to discuss these issues. Key speakers include Senators Kirsten Gillibrand and Ashley Moody, CFTC Chairman Mike Selig, and White House point man on crypto Patrick Witt. The conference will also feature a meetup for those interested in discussing the election and policy landscape. A dedicated Policy & Regulation Summit will explore key policy and regulatory issues in-depth, including decentralized finance compliance with anti-money laundering rules, taxes in the new 1099-DA era, and the Clarity Act.
The summit will also examine how states are approaching the crypto sector and feature sessions on the 2026 midterm election. The conference will conclude with a debate on prediction markets, addressing questions about their nature and regulation. This topic is likely to be considered by the US Supreme Court, and the conference will provide a preview of the arguments. The newsletter invites readers to share their thoughts and feedback via email or social media platforms.