Zcash Hires Washington Lobbyist to Shape Crypto Policy
Zcash has registered a lobbying operation in Washington focused on the CLARITY Act and digital asset tax proposals.
Zcash, the privacy-focused cryptocurrency, has entered the Washington influence game by registering a dedicated lobbying operation aimed at shaping federal crypto legislation, according to a Cointelegraph report. The move signals a broader push by digital asset projects to secure favorable treatment as Congress ramps up scrutiny of the sector.
The newly registered lobbying effort has identified specific legislative targets, including the CLARITY Act and two separate digital asset tax proposals. The CLARITY Act, a significant piece of legislation in crypto policy circles, seeks to clarify the regulatory boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission over digital assets — a jurisdictional dispute that has long created uncertainty for the industry.
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Zcash's decision to retain lobbying representation follows a well-worn path taken by larger crypto players such as Coinbase and Ripple, which have invested heavily in Washington over recent years. For a privacy coin like Zcash, the stakes are particularly high: regulators and lawmakers have repeatedly scrutinized privacy-enhancing cryptocurrencies over concerns about their potential use in illicit finance, making direct policy engagement a strategic necessity.
The two digital asset tax proposals on Zcash's lobbying agenda reflect ongoing tensions between the crypto industry and the IRS over how digital asset transactions should be reported and taxed. Industry advocates have pushed back against rules they argue are technically unworkable and impose excessive compliance burdens on developers and users alike. By naming these proposals explicitly, Zcash is signaling it intends to be an active voice — not just a bystander — in those debates.
Continue reading at Cointelegraph.
