Wu said that the Blockchain Association (BA) released the "Digital Asset Taxation Principles," providing a framework for the U.S. Congress to advance digital asset tax reform. Meanwhile, BA met with over 20 offices on Capitol Hill, including the House fundraising committee, to discuss related suggestions. The principles propose: establishing a minimum exemption for small transactions, treating stablecoins as cash; taxing mining and staking rewards upon disposition; applying non-recognition rules to transactions that do not change economic exposure; improving wash sale rules; providing safe harbor for foreign transactions in the U.S.; supporting retirement account investments in digital assets, applying market value valuation, and research and development tax credits.