As subscribers to this newsletter are aware, the US Congress has been debating market structure legislation for months, but the scope of crypto policy discussions extends far beyond this single issue, encompassing taxes, decentralized finance regulations, the upcoming midterm elections, and more. CoinDesk's Consensus Miami conference will delve into each of these topics in depth. The significance of policy changes in the digital asset space has grown substantially, with the US President signing the first major crypto-specific legislation last year and regulators altering their enforcement approach.
The crypto industry has made significant strides, with lawmakers and regulators now taking it seriously. Despite current economic stresses and stagnant crypto prices, the industry is seeking tax reforms, a de minimis exemption for crypto transactions, and a market structure bill that will not overly burden the industry.
The Consensus Miami conference will bring together leading lawmakers, regulators, and industry experts to discuss these issues, including Senators Kirsten Gillibrand and Ashley Moody, CFTC Chairman Mike Selig, and White House point man on crypto Patrick Witt. The conference will also feature a Policy & Regulation Summit, exploring key policy and regulatory issues, such as decentralized finance compliance with anti-money laundering rules, taxes in the new 1099-DA era, and the Clarity Act. The event will conclude with a debate on prediction markets, a topic likely to be considered by the US Supreme Court.