Haciyev Reşit 
As the future of U.S. crypto policies is once again being debated, more than 65 crypto companies have issued a strong call addressed to President Donald Trump. Leading industry institutions released a comprehensive letter stating that the U.S. must take urgent steps on tax clarity, regulatory frameworks, DeFi protections, and developer rights to maintain its leadership in digital asset innovation. Supported by major players such as the Solana Policy Institute, Exodus, Pantera Capital, and Uniswap Labs, the letter clearly outlines the sector’s expectations from policymakers.
An Urgent Action Plan from Crypto Firms to Trump
The letter emphasizes that the past year has been a critical turning point for U.S. crypto policy and bases many of its recommendations on the President’s Working Group on Financial Markets’ Digital Assets Report. The Solana Policy Institute shared the following message:
“The roadmap already exists. Now institutions must act to solidify American leadership in the crypto space.”
The recommendations are grouped under four main categories: tax clarity, regulatory framework, DeFi protections, and securing developer rights.
A striking message from the Solana Policy Institute:
“The United States cannot afford to lose its leadership in crypto innovation. The steps taken today will determine our global competitiveness.”
Call for Tax Clarity: Clear Rules for Staking and Mining
Industry representatives want to end the years-long uncertainty over how staking and mining rewards should be taxed. The letter urges the Treasury Department to classify these rewards as “self-created property,” taxable only at the time of sale or conversion.
It also proposes a “de minimis exemption” for small crypto transactions, arguing that transfers under $600 should not be taxable. Additionally, the sector requests that technical operations such as token bridging or wrapping not be treated as taxable events, while calling for clear rules on airdrops, forks, collateral, and liquidations.
Regulatory Clarity: Messages for the SEC and CFTC
The letter urges federal regulators to provide more clarity for the crypto sector. It states that the CFPB’s “Personal Financial Data Rights” initiative should receive explicit support.
Two key messages are directed at the SEC:
- The Crypto Task Force should jointly issue interim guidance with other divisions
- New rulemaking should not target permissionless protocol developers
The letter also calls on both the SEC and CFTC to protect Americans’ right to self-custody in accordance with President Trump’s executive order. Regulators are encouraged to create “safe harbors” and “regulatory sandboxes” to foster innovation.
Protecting and Strengthening the U.S. DeFi Ecosystem
Crypto firms want the SEC and CFTC to use their existing authority to create more inclusive exemptions and frameworks that support the development of digital assets and DeFi technologies. Meanwhile, agencies such as the Treasury Department, NIST, and others are urged to work closely with the industry on cybersecurity improvements, combating illicit activity, and enhancing network security.
The letter specifically calls on FinCEN to clarify that the Bank Secrecy Act does not apply to non-custodial on-chain software. It also requests that the Treasury withdraw its proposal linking crypto to money laundering risks via “mixing” tools.
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