# US cryptocurrency regulatory and taxation legislative debate > Live situation record from CLSTR: https://clstr.news/situations/us-cryptocurrency-regulatory-and-taxation-legislative-debate > Updated: 2026-10-22T18:30:06.000Z. Sources: 7. Developments: 2. Legislative efforts in the United States have focused on addressing regulatory gaps and tax uncertainties surrounding digital assets. The Congressional Research Service identified a lack of definitive legal authority for banks to provide cryptocurrency-related services, suggesting that new legislation may be required to resolve this uncertainty. Concurrently, Senate Republicans introduced a bill targeting the taxation of digital assets, including provisions for staking, mining income, and wash sales. In response to stalled progress on broader market-structure regulation, the Blockchain Association has formally petitioned Congress for clearer rules. The association is advocating for specific measures, such as a de minimis exemption for small transactions, treating stablecoins as cash, and taxing mining and staking rewards only upon sale. While the House Ways and Means Committee has approved the Digital Asset Tax Certainty Act, industry groups note it lacks certain requested provisions, such as tax deferrals for miners. ## Timeline ### 2026-10-22: Blockchain Association urges US Congress to clarify crypto tax rules The Blockchain Association has petitioned US Congressional leadership to establish clearer, more practical tax frameworks for digital assets, proposing exemptions for small transactions and changes to mining/St 4 sources. https://clstr.news/cluster/blockchain-association-urges-us-congress-to-clarify-crypto-tax-rules ### 2026-09-30: U.S. lawmakers address cryptocurrency banking authority and taxation U.S. lawmakers are addressing cryptocurrency through two fronts: the CRS identifies a need for legislation to clarify banks' authority to offer crypto services, while Senate Republicans introduce a new tax bill 3 sources. https://clstr.news/cluster/us-lawmakers-address-cryptocurrency-banking-authority-and-taxation --- Cite as: US cryptocurrency regulatory and taxation legislative debate. CLSTR, https://clstr.news/situations/us-cryptocurrency-regulatory-and-taxation-legislative-debate