Readers of this newsletter are likely aware that Congress has been debating market structure legislation for the past few months. However, the scope of crypto policy discussions extends far beyond a single issue, encompassing topics such as taxes, decentralized finance regulations, the upcoming midterm election, and state-level developments.
The Consensus Miami conference, scheduled for next month, will delve into each of these issues in depth. The intersection of cryptocurrency and government is a key focus of this newsletter, State of Crypto.
To stay updated on future editions, click here to sign up. Conversations in Miami will center around the significant policy changes that have taken place in the digital asset space.
Last year, U.S. President Donald Trump signed the first substantial crypto-specific legislation, marking a shift in regulatory approach. Congress has been debating the finer points of issues like stablecoin yield treatment, signaling that crypto has become a mainstream concern.
Despite some setbacks this year, including stagnant crypto prices and time constraints for passing market structure legislation, the industry has made notable strides. Regulators have begun proposing rules for stablecoin companies based on the GENIUS Act, and lawmakers are considering reforms to U.S. crypto tax policy.
The industry is now seeking tax reform, including a de minimis exemption for crypto transactions, and is looking ahead to the November elections. Consensus Miami, our annual conference, will bring together leading figures, including Senators Kirsten Gillibrand and Ashley Moody, regulators like CFTC Chairman Mike Selig, and Congressional staffers.
The event will feature discussions on topics such as crypto taxation and the policy landscape, as well as a meetup for those interested in the election. The Policy & Regulation Summit will dedicate an entire day to exploring key policy and regulatory issues, including decentralized finance compliance with anti-money laundering rules, taxes in the 1099-DA era, and the Clarity Act. The summit will also examine the crypto industry's engagement with the midterm election and the expected outcomes when the new Congress takes over.
The event will conclude with a debate on prediction markets, a topic that may eventually be addressed by the U.S. Supreme Court. For feedback or suggestions on future topics, please email nik@coindesk.com or join the conversation on Telegram.