Blockchain Association Proposes Crypto Tax Rules Framework to Modernize Digital Asset Taxation

The Blockchain Association has proposed a framework for crypto tax rules to modernize digital asset taxation in the United States.

The proposal, which aims to ground reforms in operational experience, focuses strictly on tax administration and emphasizes administrability, economic ownership, and functional consistency across mining and staking.

The framework includes a de minimis exemption for small transactions, treating stablecoins as cash for tax purposes, and excluding them from Form 1099-DA reporting. It also sources rewards to the token owner's residence and treats mining and staking rewards as self-created property taxable upon disposition.

The proposal addresses global competitiveness and anti-abuse rules, recommending a statutory safe harbor for foreign persons trading on U.S. exchanges and closing wash sale gaps without disadvantaging digital assets.