The US Senate Committee on Finance has scheduled a listening to titled “Examining the Taxation of Digital Assets” for Wednesday, October 1, 2025, at 10:00 a.m. Eastern Time, in Room 215 of the Dirksen Senate Office Building.
US Senate To Put Crypto Taxes Under The Microscope
The panel will hear testimony from trade and tax-policy specialists, together with Jason Somensatto, director of coverage at Coin Center; Andrea S. Kramer, a founding member of AS Kramer Law; Lawrence Zlatkin, vice chairman of tax at Coinbase; and Annette Nellen, chair of the Digital Assets Tax Task Force on the American Institute of CPAs. The committee’s discover lists Chairman Mike Crapo and Ranking Member Ron Wyden for opening statements and says a livestream might be obtainable on the committee’s web site.
The formal discover follows early reporting on social media. Fox Business journalist Eleanor Terrett wrote: “The @SenFinance Committee has simply introduced a listening to subsequent Wednesday, October 1st at 10AM EST on crypto taxes,” including the witness listing and framing the session as a targeted evaluate of present guidelines.
Although the witness lineup spans advocacy, company, authorized, and professional-standards views, the committee has not launched draft laws hooked up to the listening to. The agenda suggests a broad fact-finding remit as senators weigh the best way to deal with the complicated spectrum of digital-asset exercise for federal income-tax functions, from staking, token launches, and protocol-level distributions to foundation monitoring, wash-sale parity, and information-reporting obligations.
Market individuals are already trying to learn the political tea leaves. The dealer often known as “HORSE” (TheFlowHorse) posted a pointed apart on X: “Tinfoil hat. Trump admin will do something to make their crypto exercise have much less of a tax burn. Major favorable adjustments are coming.”
The listening to lands in opposition to a shifting backdrop for US crypto tax coverage. Earlier this yr, the Senate voted with a large bipartisan margin to roll again a Biden-era rule that may have prolonged broker-style reporting to sure decentralized finance platforms starting in 2027, a transfer the trade argued misfit the expertise and imposed disproportionate prices.
The October 1 session is due to this fact much less a slim technical listening to than a barometer of the place the following wave of federal tax steerage might head. The Finance Committee’s web site lists the listening to time as 10:00 a.m. ET on October 1; for European readers, that corresponds to 16:00 CEST. A livestream hyperlink might be posted on the committee web page nearer to the beginning.
At press time, the full crypto market cap was $3.77 trillion.
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