Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.
Crypto Associations Seek Tax Clarity for Mining and Staking Act
On June 21, a coalition of crypto and blockchain industry organizations sent a letter to House Ways and Means Committee (the Committee) Chairman Jason Smith, R-Mo., and Ranking Member Richard Neal, D-Mass., urging passage of H.R. 9175, the Tax Clarity for Mining and Staking Act (the Bill), as introduced by Rep. Mike Carey, R-Ohio. The Bill addresses long-standing uncertainty around