Top Blockchain Projects Meet White House Crypto Council to Advocate for Clearer Regulations

• Leading blockchain protocols have been welcomed into the White House to discuss their issues with current crypto legislation in the U.S.
• Bo Hines, Executive Director of Donald Trump’s Crypto Council, has been described as “very open” to the industry, according to a source close to the meeting.
• The blockchain projects, including Ripple and Aptos, called for simplifying the currently complex tax code, clearer legislation, and shifting regulatory onus from developers to exchanges.

A group of leading blockchain projects attended the White House on Friday to discuss clearer legislation for the crypto industry, according to a source close to the meeting.

Bo Hines, Executive Director of Donald Trump’s Crypto Council and meeting lead, is “very open” to the industry, the source said.

Blockchain Projects Attend White House

Hines, second in command to Crypto Czar David Sacks, invited members from Ripple, Chia, Near, Filecoin, IOHK, Avalanche, Aptos, Movement, and Mysten.

The protocols expressed similar frustrations with the current legislation on the table, according to the source.

During the meeting, the blockchain projects said they needed quick action to reform the complicated tax code.

By simplifying the tax framework, buying and selling tokens would become much more straightforward, benefiting both businesses and individual investors.

They also called for regulatory burden on developers and token holders to be switched to exchanges where crypto is actively traded, the source said.

Finally, the protocols called for a more streamlined and clear set of guidelines that provide better support for the evolving digital asset landscape.

Trump’s Crypto Working Group

The move follows President Trump’s executive order for the formation of a “crypto working group” under the National Economic Council.

This committee, led by the newly appointed AI and crypto czar David Sacks, plans to work with multiple market regulators to overhaul the nation’s digital asset policies.

The recent meeting with leading blockchain protocols comes amid a tight deadline for Trump’s new task force to sort out new crypto guidance.

From Jan. 23, the group was given 30 days to identify all regulations, orders, and guidance affecting the crypto industry.

At the same time, they have been given 60 days to recommend repeals, modifications, or the creation of new rules.

Finally, the group has 6 months to draft comprehensive crypto regulations governing the issuance and operation of digital assets, including stablecoins.

The order’s other core provisions include banning central bank digital currencies and creating a national crypto stockpile.