As subscribers to this newsletter are aware, the US Congress has been debating market structure legislation for several 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 elections, and more. The Consensus Miami conference, scheduled for next month, will delve into each of these topics in detail. This newsletter, State of Crypto, focuses on the intersection of cryptocurrency and government; click here to sign up for future editions.
The conference will feature in-depth conversations about the current state of crypto policy, including discussions on the treatment of stablecoin yield and the potential market structure bill. Despite some setbacks, the crypto industry has made significant progress, with regulators proposing rules for stablecoin companies and lawmakers considering reforms to US crypto tax policy. The industry is still seeking tax reform, hoping for a de minimis exemption for crypto transactions, and awaiting the outcome of the market structure bill. The Consensus Miami conference will bring together leading lawmakers, regulators, and industry experts to discuss these topics, including Senators Kirsten Gillibrand and Ashley Moody, CFTC Chairman Mike Selig, and Congressional staffers.
The conference will also feature a Policy & Regulation Summit, dedicated to exploring key policy and regulatory issues, such as decentralized finance compliance with anti-money laundering rules and the implications of the Clarity Act. The summit will include sessions focused on the 2026 midterm election and feature experts such as SEC Crypto Task Force chief Taylor Lindman and former IRS officials Seth Wilks and Raj Mukherjee. The conference will conclude with a debate on prediction markets, a topic likely to be addressed by the US Supreme Court.