Crypto Industry Asks for Guidance as Tax Cliff Talks Rev Up

The cryptocurrency industry is ramping up lobbying Congress members, seeking a host of policy asks as lawmakers prepare for a major tax policy debate.

Next year will be pivotal for tax policy, because much of the 2017 GOP tax law will expire at the end of 2025. So without action, millions will see their taxes rise—pushing Congress to act. The crypto industry sees it as an opportunity to push through some long-awaited clarifications since lawmakers say it may be the best opportunity in the next few years for any tax changes.

“We don’t have a choice. This isn’t something you ...