More than 65 crypto companies and organizations have sent a letter to US President Donald Trump. The message to the White House asked for clarification on various aspects of cryptocurrency activity.
Major crypto organizations and small startups have joined forces to ask the White House for coordination and clarity regarding the application of cryptocurrencies and financial regulations. Industry representatives focused on several areas including DeFi, taxation, privacy, and developer protection.
“As Parliament continues its work, the Government is undertaking important work behind the scenes. As the President’s Task Force on Digital Asset Markets has made clear, there are other steps the administration can take to quickly win wins to complement legislative efforts. ” wrote the signatories.
Despite the emergence of more liberal people; Stablecoin regulation Industry representatives commented that there are still gray areas and adjustments needed when it comes to general cryptocurrency usage and token creation.
The Solana Institute for Policy Studies was the lead signatory. The letter also included top cryptocurrency companies from other ecosystems, including Ethereum, Solana, and the ZCash Foundation. These organizations are involved in trading platforms, Web3, DEX aggregation, and infrastructure.
Cryptocurrency companies present four key points to the White House
of letter contained four main points and included several requests for specific institutions. The main point concerned virtual currency taxation, which could involve the largest number of government agencies.
The cryptocurrency industry also called for financial innovation with easier access and clearer rules. The third point concerns US-based DeFi developments that can combine decentralized access without worrying about violating SEC rules or being targeted by regulators.
The fourth point concerns the protection of developers from prosecution, and we ask the Department of Justice to provide more clarity.
Cryptocurrency representatives are trying to coordinate with the Securities and Exchange Commission, IRS, and Commodity Futures Trading Commission (CFTC), as well as the National Economic Council, Treasury Department, and Consumer Financial Protection Bureau.
The US will continue to be the main cryptocurrency driving force in 2025
The United States remains the most influential market for cryptocurrency innovation, investment, and trading.
US-based traders account for more than 50% of Binance visitors and have seen an increase in activity over the past few months. US-based traders still use some DeFi products without a regulatory framework, exposing them to international risks.
The industry letter also requested the SEC. Crypto Task Force Coordinating with corporate finance, investment management, trading and markets departments, it will issue interim guidance for DeFi protocol developers.
The signatories sought relief from inaction and immunity to avoid prosecution of developers and front-end sites. This letter aims to maintain code neutrality and address regulatory uncertainties in DEX and DeFi protocols.
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