Readers of this newsletter are likely aware that Congress has been debating legislation related to market structure for several months. However, discussions around crypto policy encompass a broader range of issues, including taxes, decentralized finance regulations, the upcoming midterm election, and more. CoinDesk's Consensus Miami conference will delve into each of these topics in depth. This newsletter, State of Crypto, examines the intersection of cryptocurrency and government.
To stay informed, sign up for future editions. The upcoming conference in Miami will feature in-depth conversations about the current state of crypto policy.
Recently, there have been significant developments in the regulatory landscape, with the US President signing the first major crypto-specific legislation and regulators altering their approach to enforcement actions. Congress has been debating the finer points of issues like stablecoin yield treatment. In essence, the crypto industry has become a major player.
Although the industry experienced a surge in 2024, with bitcoin prices soaring and legislative progress, the current year has seen stagnation in crypto prices and a sense of urgency for Congress to pass market structure legislation. Despite this, regulators have proposed rules for stablecoin companies, and lawmakers are considering reforms to US crypto tax policy. The industry is pushing for tax reform, including a de minimis exemption for crypto transactions, and is hoping for the market structure bill to become law without overly burdening the industry.
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, dedicated to exploring 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 host a series of sessions focused on the 2026 midterm election and its implications for the crypto industry.
Attendees will hear from experts embedded in the policymaking process, including the SEC Crypto Task Force chief and former IRS officials. The Policy Summit will conclude with a debate on prediction markets, addressing questions about their nature and regulation.