Blockchain Association
Non profit organizations promoting blockchain applications
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Blockchain Association the leading nonprofit organization dedicated to promoting a pro-innovation policy environment for the digital asset economy. They work with their members to educate policymakers about blockchain technology and its ability to pave the way for a more secure, competitive, and consumer-friendly digital marketplace.
Blockchain Association Files Comments on SEC’s Proposed Crypto Asset Rule: Recommends Raising Startup Exemption Cap to $10 Million
The Blockchain Association (@BlockchainAssn) posted on the X platform that the association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the proposed Regulation Crypto Assets. Previously, the committee led by SEC Chair Paul Atkins had proposed exemptions for startups and fundraising activities, as well as a safe harbor mechanism to clarify when tokens are no longer considered investment contracts. The main recommendations in the letter include: • Establish clear objective criteria: Provide non-exclusive indicators to determine when an issuer’s core managerial efforts have ended, such as open-sourcing the source code or the absence of an entity capable of unilaterally reviewing transactions. • Link liability to control: Project developers shall only be responsible for areas within their control, excluding third-party applications and community activities; exchanges, liquidity providers, and other entities relying in good faith on SEC filings by projects shall be protected. • Create a safe harbor for existing tokens: Qualified third parties such as trading platforms may file for already-issued tokens, and such filing shall not be construed as acknowledging that the tokens were once securities. • Increase exemption limits: Raise the startup exemption cap to $10 million, excluding airdrops and network rewards from the limit; raise the fundraising exemption cap to $150 million, and allow on-chain transparency to substitute audited financial statements. • Strengthen federal preemption: Satisfy
US Blockchain Association Calls on SEC to Clarify Token Decentralization Standards, Supports 24/7 Trading
Odaily Report: The Blockchain Association has submitted a comment letter to the SEC regarding its "crypto asset regulation" proposal, recommending raising the startup exemption cap to $10 million, the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits, with airdrops excluded from the count), and establishing a third-party filing safe harbor for existing tokens.The Blockchain Association calls for clear, objective decentralization standards for tokens to shed their "investment contract" status (such as open-source code and the absence of unilateral review rights), while strengthening federal regulatory preemption over state-level legislation, and supporting 24/7 exchange trading and self-custody.
American Blockchain Association Urges U.S. Congress to Advance Digital Asset Tax Legislation, Proposes Five Policy Principles
The Blockchain Association has written to U.S. congressional leadership urging Congress to advance bipartisan digital asset tax legislation and launched a website to encourage the public to share their views with lawmakers. The association stated that approximately 67 million Americans hold or use digital assets, and existing tax rules have fallen short of meeting industry needs, thereby increasing compliance burdens for taxpayers. Its five proposed policy principles include: establishing a reasonable de minimis transaction exemption threshold; imposing taxes upon the disposition of assets derived from mining and staking rewards; protecting taxpayer privacy; levying taxes based on economic substance rather than technical form; and implementing well-calibrated wash sale rules that prevent abuse without penalizing the daily transactions of ordinary users.
Blockchain Association Files Comments on SEC’s Proposed Crypto Asset Rule: Recommends Raising Startup Exemption Cap to $10 Million
The Blockchain Association (@BlockchainAssn) posted on the X platform that the association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the proposed Regulation Crypto Assets. Previously, the committee led by SEC Chair Paul Atkins had proposed exemptions for startups and fundraising activities, as well as a safe harbor mechanism to clarify when tokens are no longer considered investment contracts. The main recommendations in the letter include: • Establish clear objective criteria: Provide non-exclusive indicators to determine when an issuer’s core managerial efforts have ended, such as open-sourcing the source code or the absence of an entity capable of unilaterally reviewing transactions. • Link liability to control: Project developers shall only be responsible for areas within their control, excluding third-party applications and community activities; exchanges, liquidity providers, and other entities relying in good faith on SEC filings by projects shall be protected. • Create a safe harbor for existing tokens: Qualified third parties such as trading platforms may file for already-issued tokens, and such filing shall not be construed as acknowledging that the tokens were once securities. • Increase exemption limits: Raise the startup exemption cap to $10 million, excluding airdrops and network rewards from the limit; raise the fundraising exemption cap to $150 million, and allow on-chain transparency to substitute audited financial statements. • Strengthen federal preemption: Satisfy
US Blockchain Association Calls on SEC to Clarify Token Decentralization Standards, Supports 24/7 Trading
Odaily Report: The Blockchain Association has submitted a comment letter to the SEC regarding its "crypto asset regulation" proposal, recommending raising the startup exemption cap to $10 million, the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits, with airdrops excluded from the count), and establishing a third-party filing safe harbor for existing tokens.The Blockchain Association calls for clear, objective decentralization standards for tokens to shed their "investment contract" status (such as open-source code and the absence of unilateral review rights), while strengthening federal regulatory preemption over state-level legislation, and supporting 24/7 exchange trading and self-custody.
The U.S. Blockchain Association supports the Treasury Department's GENIUS Act implementation rules, calls for clarity on stablecoin issuance and sales regulatory requirements
Odaily reports: The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily governs the eligibility of entities issuing and selling payment stablecoins within the United States.The Blockchain Association stated that it supports the core regulatory framework proposed by the Treasury Department in principle, but calls for further clarification of the definition of digital asset service providers, the criteria for determining "knowing participation" conduct, and the compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty during the rule implementation process. (The Block)
The Blockchain Association has submitted comments to the U.S. Department of the Treasury regarding Section 3 of the GENIUS Act, calling for clear rules on stablecoin issuance.
The Blockchain Association posted on X, stating that it has submitted a comment letter to the U.S. Treasury (@USTreasury) regarding the proposed implementing regulations for Section 3 of the GENIUS Act. Section 3 addresses who may issue, offer, and sell payment stablecoins in the United States. The association expressed appreciation for the Treasury's implementation efforts but emphasized its hope that the final rules will remain consistent with the original intent of congressional legislation. The association put forth the following key recommendations: 1. Definition of "Digital Asset Service Provider": This definition should apply to client-facing businesses, exclude core infrastructure such as self-custody software and validator nodes, and should not encompass entities that merely trade their own assets. 2. Criminal Liability Standard: Under the proposed rules, routine market-making activities for "newly issued" stablecoins could be construed as "knowing participation" in an illegal issuance. The association recommends restricting liability to cases involving "actual knowledge" and providing "substantial assistance" in coordination with the issuer. 3. Foreign-Issued Stablecoins: The proposed rules require open-ended due diligence on foreign issuers, despite many exchanges having no business relationship with them. The association recommends allowing firms to rely on publicly available lists of registered issuers and trading restrictions already established by Congress. 4. Determination of User Location: On permissionless protocols, companies typically only see wallet addresses. The association proposes replacing the "reasonable belief" standard with "actual knowledge supplemented by information gathered in the ordinary course of business." 5. Other Recommendations: Eliminate open-ended "functional equivalence" tests regarding monetary value, reassess cost estimates, and align the effective date with the GENIUS Act
Blockchain Associations and Other Organizations Jointly Petition for Expedited Review of Illinois Digital Asset Tax Law Challenge Case
According to an official press release, the Blockchain Association (BA), Crypto Innovation Council (CCI), Digital Chamber of Commerce (TDC), and Illinois Blockchain Association (IBA), jointly with the State of Illinois, filed a joint motion on October 13 with the Sangamon County Circuit Court to expedite proceedings on two challenges to the Digital Assets Tax Act. The state government has agreed to suspend enforcement of the act until July 1, 2027. The parties propose accelerating the summary judgment process, with a motion filing deadline of November 4, 2026, briefs due by January 22, 2027, hearings scheduled from February 8 to 19, 2027, and a final ruling expected by March 1, 2027. These organizations contend that the tax law’s disparate treatment of digital assets violates federal and Illinois state law, would cause unfair harm to the industry, and sets a harmful precedent.
Blockchain Association Sends Letter to Bipartisan Congressional Leaders, Pushing for Tax Exemption on Small Crypto Transactions and Tax Clarity
The Blockchain Association has sent a letter to Senate Majority Leader John Thune, Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries, urging both parties to develop a digital asset tax framework, and has launched taxclarityforamerica.com to help users contact their lawmakers. The association's core demands include: establishing a substantive tax exemption threshold for small crypto transactions so that everyday low-value purchases are not subject to the same tax treatment as investment sales; treating qualifying stablecoins more like cash for tax purposes; and treating mining and staking rewards as "self-created property," taxed upon disposition rather than upon receipt.
US Blockchain Association Calls on SEC to Clarify Token Decentralization Standards, Supports 24/7 Trading
Odaily Report: The Blockchain Association has submitted a comment letter to the SEC regarding its "crypto asset regulation" proposal, recommending raising the startup exemption cap to $10 million, the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits, with airdrops excluded from the count), and establishing a third-party filing safe harbor for existing tokens.The Blockchain Association calls for clear, objective decentralization standards for tokens to shed their "investment contract" status (such as open-source code and the absence of unilateral review rights), while strengthening federal regulatory preemption over state-level legislation, and supporting 24/7 exchange trading and self-custody.
The U.S. Blockchain Association supports the Treasury Department's GENIUS Act implementation rules, calls for clarity on stablecoin issuance and sales regulatory requirements
Odaily reports: The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily governs the eligibility of entities issuing and selling payment stablecoins within the United States.The Blockchain Association stated that it supports the core regulatory framework proposed by the Treasury Department in principle, but calls for further clarification of the definition of digital asset service providers, the criteria for determining "knowing participation" conduct, and the compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty during the rule implementation process. (The Block)
Blockchain Association Launches Vaults Workflow, Uniting Dozens of Member Institutions to Drive Policy Formulation
According to a post by the Blockchain Association (@BlockchainAssn), the Blockchain Association has officially launched the Vaults Workstream, bringing together dozens of leading member organizations including a16z Crypto, Aave, Uniswap, Grayscale, dYdX Foundation, Ethena, Morpho, and Multicoin to participate in Washington-based policy discussions on on-chain finance. As an emerging component of on-chain finance infrastructure, Vaults can provide users with diverse asset exposure, support composable and personalized investment strategies, and offer high flexibility in manual control, governance, and risk management. Members of this workstream will engage directly with the SEC to assist legislators in understanding Vault mechanics and the applicability of existing regulatory frameworks, with the goal of aligning regulatory rules with technological development to ensure the United States maintains its leading position in on-chain financial innovation.
Blockchain Association Supports GENIUS Act Implementing Rules for Stablecoin Issuers, Advocates Narrowing Customer Identification Scope
According to The Block, the Blockchain Association has submitted comments on the stablecoin issuer rules under the GENIUS Act, proposed jointly by U.S. Treasury agencies including the Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting Customer Identification Program (CIP) obligations to direct customer transactions in the primary market, emphasizing that they should not extend to peer-to-peer transfers in the secondary market. It also calls on regulators to further clarify the definitions of "account," "customer," and "digital asset service provider," exempt one-time redemptions and other non-recurring activities, and avoid duplicative compliance burdens alongside anti-money laundering regulations. The association stated that the implementation of the rules must strike a balance between ensuring stablecoin security, maintaining operational feasibility, and preserving room for industry innovation.
The Blockchain Association Supports U.S. SEC Rescinding Certain Outdated NMS Rules
The Blockchain Association stated that it has submitted a comment letter to the U.S. Securities and Exchange Commission, supporting its proposal to rescind Rule 611 and Rule 610(e) under Regulation National Market System. The association believes that the relevant rules were based on the 2005 market structure and are no longer able to adapt to the current faster, automated, and interconnected market environment.
Related news
Blockchain Association Sends Letter to Bipartisan Congressional Leaders, Pushing for Tax Exemption on Small Crypto Transactions and Tax Clarity
The Blockchain Association has sent a letter to Senate Majority Leader John Thune, Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries, urging both parties to develop a digital asset tax framework, and has launched taxclarityforamerica.com to help users contact their lawmakers. The association's core demands include: establishing a substantive tax exemption threshold for small crypto transactions so that everyday low-value purchases are not subject to the same tax treatment as investment sales; treating qualifying stablecoins more like cash for tax purposes; and treating mining and staking rewards as "self-created property," taxed upon disposition rather than upon receipt.
American Blockchain Association Urges U.S. Congress to Advance Digital Asset Tax Legislation, Proposes Five Policy Principles
The Blockchain Association has written to U.S. congressional leadership urging Congress to advance bipartisan digital asset tax legislation and launched a website to encourage the public to share their views with lawmakers. The association stated that approximately 67 million Americans hold or use digital assets, and existing tax rules have fallen short of meeting industry needs, thereby increasing compliance burdens for taxpayers. Its five proposed policy principles include: establishing a reasonable de minimis transaction exemption threshold; imposing taxes upon the disposition of assets derived from mining and staking rewards; protecting taxpayer privacy; levying taxes based on economic substance rather than technical form; and implementing well-calibrated wash sale rules that prevent abuse without penalizing the daily transactions of ordinary users.
Blockchain Association Files Comments on SEC’s Proposed Crypto Asset Rule: Recommends Raising Startup Exemption Cap to $10 Million
The Blockchain Association (@BlockchainAssn) posted on the X platform that the association has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding the proposed Regulation Crypto Assets. Previously, the committee led by SEC Chair Paul Atkins had proposed exemptions for startups and fundraising activities, as well as a safe harbor mechanism to clarify when tokens are no longer considered investment contracts. The main recommendations in the letter include: • Establish clear objective criteria: Provide non-exclusive indicators to determine when an issuer’s core managerial efforts have ended, such as open-sourcing the source code or the absence of an entity capable of unilaterally reviewing transactions. • Link liability to control: Project developers shall only be responsible for areas within their control, excluding third-party applications and community activities; exchanges, liquidity providers, and other entities relying in good faith on SEC filings by projects shall be protected. • Create a safe harbor for existing tokens: Qualified third parties such as trading platforms may file for already-issued tokens, and such filing shall not be construed as acknowledging that the tokens were once securities. • Increase exemption limits: Raise the startup exemption cap to $10 million, excluding airdrops and network rewards from the limit; raise the fundraising exemption cap to $150 million, and allow on-chain transparency to substitute audited financial statements. • Strengthen federal preemption: Satisfy
US Blockchain Association Calls on SEC to Clarify Token Decentralization Standards, Supports 24/7 Trading
Odaily Report: The Blockchain Association has submitted a comment letter to the SEC regarding its "crypto asset regulation" proposal, recommending raising the startup exemption cap to $10 million, the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits, with airdrops excluded from the count), and establishing a third-party filing safe harbor for existing tokens.The Blockchain Association calls for clear, objective decentralization standards for tokens to shed their "investment contract" status (such as open-source code and the absence of unilateral review rights), while strengthening federal regulatory preemption over state-level legislation, and supporting 24/7 exchange trading and self-custody.
The U.S. Blockchain Association supports the Treasury Department's GENIUS Act implementation rules, calls for clarity on stablecoin issuance and sales regulatory requirements
Odaily reports: The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily governs the eligibility of entities issuing and selling payment stablecoins within the United States.The Blockchain Association stated that it supports the core regulatory framework proposed by the Treasury Department in principle, but calls for further clarification of the definition of digital asset service providers, the criteria for determining "knowing participation" conduct, and the compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty during the rule implementation process. (The Block)
The Blockchain Association has submitted comments to the U.S. Department of the Treasury regarding Section 3 of the GENIUS Act, calling for clear rules on stablecoin issuance.
The Blockchain Association posted on X, stating that it has submitted a comment letter to the U.S. Treasury (@USTreasury) regarding the proposed implementing regulations for Section 3 of the GENIUS Act. Section 3 addresses who may issue, offer, and sell payment stablecoins in the United States. The association expressed appreciation for the Treasury's implementation efforts but emphasized its hope that the final rules will remain consistent with the original intent of congressional legislation. The association put forth the following key recommendations: 1. Definition of "Digital Asset Service Provider": This definition should apply to client-facing businesses, exclude core infrastructure such as self-custody software and validator nodes, and should not encompass entities that merely trade their own assets. 2. Criminal Liability Standard: Under the proposed rules, routine market-making activities for "newly issued" stablecoins could be construed as "knowing participation" in an illegal issuance. The association recommends restricting liability to cases involving "actual knowledge" and providing "substantial assistance" in coordination with the issuer. 3. Foreign-Issued Stablecoins: The proposed rules require open-ended due diligence on foreign issuers, despite many exchanges having no business relationship with them. The association recommends allowing firms to rely on publicly available lists of registered issuers and trading restrictions already established by Congress. 4. Determination of User Location: On permissionless protocols, companies typically only see wallet addresses. The association proposes replacing the "reasonable belief" standard with "actual knowledge supplemented by information gathered in the ordinary course of business." 5. Other Recommendations: Eliminate open-ended "functional equivalence" tests regarding monetary value, reassess cost estimates, and align the effective date with the GENIUS Act