John,
The Senate just blocked the CLARITY Act. Crypto billionaires spent more than $190 million on this year’s midterms trying to buy that industry giveaway, and yesterday they still could not get the 60 votes needed to advance the bill. They could not even get a majority.1, 2
But today, the House Ways and Means Committee passed a bipartisan crypto tax package that would hand crypto bros and wealthy digital asset investors another massive tax advantage.3 Americans for Tax Fairness led a coalition representing millions of workers and families in opposing this giveaway. Congress should write clear rules for digital assets, and these bills fail that test. They would waste billions on preferential tax treatment for an industry already swimming in money, political influence, and corruption.
Crypto billionaires have the lobbyists and the super PAC money. Working people have Americans for Tax Fairness Action Fund. We expose the giveaways, organize the coalition, and put pressure on Congress so this industry cannot buy a special lane in the tax code. That is how yesterday’s filibuster held, and that is how we stop this tax package from becoming the next payout.
Donate now to power our research, coalition work, and advocacy to oppose this crypto tax package and every attempt to revive these giveaways.
Crypto investors want their own rules, their own loopholes, and their own carve-outs, all while the IRS has lost one-third of the investigators focused on enforcing crypto tax law. And instead of using this moment as a way to address the corruption running rampant at the heart of the crypto industry, elected officials are manufacturing urgency to hand the industry billions worth of preferential tax treatment.
Donald Trump’s own financial disclosure shows exactly what this industry looks like when it reaches the highest levels of government. Trump pulled in at least $2.2 billion in 2025, including about $1.4 billion from his family’s cryptocurrency businesses. World Liberty Financial alone brought him about $500 million from digital token sales, while his $TRUMP memecoin generated more than $600 million.4
That is the real face of crypto policy. The president is both a major crypto industry operator and the most powerful policymaker overseeing the industry. Now his allies in Congress want to weaken tax rules, carve out loopholes, and make it easier for crypto wealth to receive special treatment that workers and families never get.
Please donate today to fund the work that keeps this fight in front of Congress: the research, the coalition organizing, and the grassroots pressure to fight back against bad crypto policy, including tax handouts for crypto billionaires.
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Together, we can stop Congress from rigging the tax code for crypto wealth.
David Kass
Executive Director
Americans for Tax Fairness Action Fund
1 Crypto’s biggest Senate push falls flat as the Clarity Act fails to clear a crucial procedural vote
2 The Crypto Industry Is Spending Big On The Midterms. Now A Coinbase-Backed Group Is Picking Its Candidates.
3 House Ways and Means Committee markup notice, H.R. 10357, the Digital Asset Tax Certainty Act
4 Trump Pulled In at Least $2 Billion After Returning to the White House
