Readers of this newsletter are likely aware that Congress has been debating market structure legislation for the past few months. However, crypto policy discussions encompass a wide range of issues beyond this, including taxes, decentralized finance regulations, the upcoming midterm election, and more.
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 area of focus for this newsletter, State of Crypto.
To stay updated on future editions, click here to sign up. Conversations in Miami will center around significant policy changes in the digital asset space.
Last year, former U.S. President Donald Trump signed the first substantial crypto-specific legislation, marking a shift in regulators' 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.
This was evident last year when the industry celebrated its electoral wins in 2024, with bitcoin's price soaring to over $120,000 and legislation seeming imminent. Although crypto prices have been stagnant this year due to broader economic stresses, and time is running out for Congress to pass market structure legislation in its current form, there are positives. Regulators have begun proposing rules for stablecoin companies based on the GENIUS Act, lawmakers are considering reforms to U.S.
crypto tax policy, and the industry has solidified its presence. The industry is still seeking tax reform, including a de minimis exemption for crypto transactions, and hopes that the market structure bill will become law without overly burdening the industry. The upcoming November election, which will determine the next Congress, is also a key focus.
These topics will be explored in depth at Consensus Miami, which brings together leading figures from the industry. Attendees will hear from prominent lawmakers, regulators, and Congressional staffers over the three-day conference.
The Policy & Regulation Summit will dedicate an entire day to exploring key policy and regulatory issues, including whether decentralized finance can comply with anti-money laundering rules, tax implications in the new 1099-DA era, and the Clarity Act. Sessions will also focus on the 2026 midterm election and the crypto industry's engagement with it.
The summit will feature experts such as SEC Crypto Task Force chief Taylor Lindman, former IRS officials, and the National Futures Association's Lucy Hynes, among others. The event will conclude with a debate on prediction markets, a highly debated topic that may eventually be addressed by the U.S. Supreme Court.
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