As this newsletter's readers may know, Congress has been debating market structure legislation over the past few months. However, discussions around crypto policy encompass a wide range of issues, including taxes, decentralized finance regulations, the upcoming midterm election, and more.
CoinDesk's Consensus Miami conference will delve into these topics in depth next month. This newsletter, State of Crypto, explores the intersection of cryptocurrency and government; sign up for future editions here. The conversations in Miami will focus on significant policy changes in the digital asset space. Last year, U.S.
President Donald Trump signed the first substantial crypto-specific legislation, and regulators have since shifted their approach to enforcement actions. Congress has been debating the finer details of issues like stablecoin yield treatment. In essence, the crypto industry has become a major player.
Although the industry experienced a victory lap last year with soaring bitcoin prices and imminent legislation, things have become more challenging this year due to stagnant crypto prices and time constraints for Congress to pass market structure legislation. Despite this, regulators have proposed rules for stablecoin companies based on the GENIUS Act, lawmakers are considering U.S.
crypto tax policy reforms, and the industry has solidified its position. The industry is still seeking tax reform, including a de minimis exemption for crypto transactions, and is hoping the market structure bill will become law without overly burdening the industry. The U.S.
will elect a new Congress in November, which will also be a key focus. At Consensus Miami, leading lawmakers like Senators Kirsten Gillibrand and Ashley Moody, regulators like CFTC Chairman Mike Selig, and the White House's Patrick Witt will share their insights. Congressman Steven Horsford will discuss the newly introduced Parity Act, and a meetup will be held to discuss the election and policy landscape.
The Policy & Regulation Summit will explore key policy and regulatory issues, including decentralized finance compliance with anti-money laundering rules, taxes in the 1099-DA era, and the Clarity Act. Sessions will focus on the 2026 midterm election, including the crypto industry's engagement and expectations for the new Congress. The summit will feature experts like SEC Crypto Task Force chief Taylor Lindman, former IRS officials Seth Wilks and Raj Mukherjee, and the National Futures Association's Lucy Hynes. The Policy Summit will conclude with a debate on prediction markets, which may eventually be heard by the U.S.
Supreme Court. For feedback or discussion topics, email nik@coindesk.com or join the conversation on Telegram.