According to CoinMeta, the Blockchain Association of America wrote to the leaders of both the Senate and House of Representatives on October 22, calling for the advancement of digital asset taxation legislation and proposing five policy principles. The association noted that approximately 67 million people in the United States hold or use digital assets, and the current tax rules have increased the compliance burden on taxpayers. The five principles include: establishing a tax exemption threshold for small transactions, clarifying the taxation methods for mining and staking rewards, protecting taxpayer privacy, taxing based on economic substance, and formulating reasonable wash trading rules.