The Global Council on Crypto Taxation (GCOCT) has officially submitted our comment letter to the U.S. Department of the Treasury on the implementation of the GENIUS Act, addressing key questions around how stablecoins and digital assets should be treated under U.S. tax law.

This marks an important step in shaping how America approaches innovation in digital payments and blockchain-based finance. At GCOCT, we believe innovation should come first — before regulation kills it. The GENIUS Act is a defining moment for how the United States will balance compliance and competitiveness in the next era of global finance.

Our submission reflects insights gathered from industry experts, investors, and policy professionals around the world. As a global nonprofit dedicated to advancing clarity, fairness, and innovation in crypto taxation, we are proud to contribute our voice to this national conversation.

The Treasury’s official notice and details are available on the 🔗Federal Register.

We remain committed to supporting thoughtful regulation that enables digital-asset innovation while ensuring transparency and trust for all participants in the global economy.