Importance of the Development
Anchor Labs Inc., a technology firm, announced its lobbying efforts for the third quarter of 2026 relating to S. 954 and H.R. 2032, known as the BITCOIN Act of 2025, which aims to create a U.S. Bitcoin Reserve, and H.R. 10357, the Digital Asset Tax Certainty Act. This legislation seeks to eliminate certain 1099-DA reporting obligations and clarify the taxation of mining and staking activities.
The filing pertains to the BITCOIN Act of 2025 (S. 954 and H.R. 2032) and H.R. 10357, identified in the report as legislation that aims to create a U.S. Bitcoin Reserve and reform aspects of the tax treatment of digital assets.
Financial Overview
Anchor Labs Inc. submitted a lobbying report for the third quarter of 2026, signed on October 2, 2026, revealing a lobbying expenditure of $138,000.
The report from the second quarter of 2026 indicated $120,000 spent; previously, the four quarterly reports had consistently reported the same amount.
The focus of the issues has shifted: the second quarter included the BITCOIN Act and exemptions for minimal amounts in cryptocurrency and stablecoin transactions, while the third quarter report omits these exemptions and highlights the DATCA.
The only lobbyist listed is Kevin Wysocki, who serves as the Policy Head at Anchor Labs. His background includes working in the offices of Representatives Andy Barr (R-KY-6), Tom Emmer (R-MN-6), and Tom Price (R-GA-6), as well as involvement with the House Financial Services Committee during the 115th Congress.
Wider Implications
On March 7, 2025, Reuters noted that President Donald Trump took action by signing an executive order to create a strategic reserve for cryptocurrencies utilizing digital assets already in government possession; the White House announced this initiative as establishing both a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The upcoming BITCOIN Act would provide a legal structure for these assets, which includes a provision allowing the government to acquire up to one million Bitcoin over a period of five years.
Regarding tax policies, the House Ways and Means Committee indicated that the DATCA is designed to eliminate tax barriers that currently hinder the use of digital assets for transactions and would address the reporting obligations linked to digital-asset trades. They highlighted that the existing regulations may necessitate separate reporting for each transaction, regardless of size, thus placing an administrative load on both taxpayers and the IRS.
Conclusion
As an in-house registrant, Anchor Labs has ensured that its recent lobbying activities are exclusively related to its own initiatives. No other clients or external firms are listed in their disclosures.
The lobbying report for the third quarter of 2026 illustrates Anchor Labs’ ongoing commitment to the BITCOIN Act, while also bringing attention to new considerations concerning digital asset tax reporting after dropping the previous focus on minimal payment exemptions. Their spending increased from $120,000 to $138,000, maintaining a consistent presence with the same firm and lobbyist.
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