The Blockchain Association (BA) has released a set of "Digital Asset Tax Principles" aimed at guiding the US Congress in reforming digital asset taxation. The principles suggest establishing a minimum tax exemption for small transactions and treating stablecoins as cash. Additionally, they propose taxing mining and staking rewards upon disposal, applying non-recognition rules to transactions that do not alter economic exposure, and refining wash sale rules. The framework also includes providing a safe harbor for foreign investors trading in the US, supporting digital asset investments in retirement accounts, and applying mark-to-market accounting and R&D tax credits. BA has engaged with approximately 20 offices of the House Ways and Means Committee to discuss these recommendations.