[Blockchain Association, a Crypto Industry Lobbying Group, Submits Tax Proposal to U.S. Congress] According to a report by Jinse Finance, a U.S.-based crypto industry lobbying organization has submitted its desired cryptocurrency taxation proposal to Congress and has met with lawmakers in the House of Representatives responsible for drafting crypto tax legislation to advance one of the industry's most critical policy agendas. The Blockchain Association unveiled its stance on crypto tax policy on Tuesday, calling for stablecoins to be treated as cash for everyday purchases and for a de minimis tax exemption on 'small' cryptocurrency transactions. The association argues that 'requiring tax reporting on negligible gains or losses from everyday transactions imposes disproportionate costs on individuals and overburdens tax administration without generating significant fiscal revenue.' The lobbying group also expressed support for applying the **wash sale rule** to digital assets, allowing investors to claim losses when repurchasing the same cryptocurrency after selling it. The Blockchain Association's move comes as lawmakers debate how cryptocurrencies should be taxed. Republican Senator Cynthia Lummis introduced a bill in July proposing tax exemptions for certain crypto transactions, a measure opposed by Democratic Senator Elizabeth Warren.