U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS

U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS

A top Coinbase tax executive suggested the IRS isn't ready for the flood of tax reporting about to come in, even as many crypto rules still need to be written.

LIVE NOW: Senate Finance Committee Hearing on Taxation of Digital Assets

The Senate Finance Committee holds a hearing at 10 a.m. ET on Oct. 1 to examine the taxation of digital assets. Witnesses: Jason Somensatto, director of policy, Coin Center, Washington Andrea S. Kramer, founding member, ASKramer Law LLC, Chicago ...

Senate Probes Crypto Taxes After IRS Eases Corporate Rules

On October 1, the Senate Finance Committee held a hearing to review how cryptocurrencies are taxed in the United States;

IRS Eases Crypto Tax Burden As Senate To Question Coinbase - FinanceFeeds

Treasury and IRS Ease Rules for Digital Asset Firms The Senate Finance Committee will hold a hearing Wednesday on cryptocurrency taxation, one day after the Treasury Department and the Internal Revenue Service (IRS) issued interim guidance adjusting how the Corporate Alternative Minimum Tax (CAMT) applies to digital asset companies. The guidance, set out in Notice 2025-46 and Notice 2025-49, is intended to “reduce compliance burdens and provide …

Crypto Taxes in Focus: Senate Hearing and IRS Relief Signal Promising Progress - Crypto Economy

TL;DR Lawmakers in Washington are finally treating digital assets with the seriousness of traditional finance. The US Senate will host a dedicated hearing on crypto taxation just as the IRS introduces temporary relief that softens rules for corporations holding digital assets. This dual development suggests policymakers are shifting from enforcement-only tactics toward structured regulation that supports innovation while offering clarity for la…