Crypto Tax Rules to Be Discussed as US Senate Holds Hearing on October 1, 2025!

Updated

September 25, 2025

Gambar Crypto Tax Rules to Be Discussed as US Senate Holds Hearing on October 1, 2025!

Jakarta, Pintu News – The hearing to be held by the US Senate Finance Committee on October 1 is in the spotlight, given its focus on digital asset tax regulation. The presence of industry leaders such as Coinbase signifies the importance of this hearing in determining the future of cryptocurrency taxes in the United States.

Preparation for Digital Asset Tax Hearing

The Senate Finance Committee, led by Chairman Mike Crapo, has announced that it will hold a hearing titled “Examining Digital Asset Taxes”. The hearing is scheduled for October 1 and will feature witnesses from among industry leaders, including Lawrence Zlatkin, Vice President of Tax at Coinbase Global, and Jason Somensatto, Policy Director at Coin Center.

The session aims to delve deeper into the practical implementation of tax reporting, asset classification, and potential reforms to ease compliance. It will also discuss the challenges faced by market participants in dealing with the current tax framework.

The uncertainty arising from the existing tax framework has prompted a request for public input, which will then serve as the basis for formulating a clearer and more defined tax policy for digital assets.

Legislative Proposal and Its Impact

Senator Cynthia Lummis, who is known to be pro-cryptocurrency, has proposed a bill that would revise several sections of the Internal Revenue Code to clarify how crypto users calculate, defer, and report taxable income.

The bill defines terms such as “digital assets” and “actively traded digital assets”. In addition, the bill proposes a de minimis exemption for transactions under $300 and offers a lower tax rate for payments using Bitcoin , aiming to lower barriers to mainstream adoption and provide clearer guidance to investors and businesses.

The impact of this hearing on future tax policy is significant, as it will help shape regulatory policy and investor strategies, which will ultimately shape the way digital assets are taxed in the years to come.

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Possible Delays and Implications

There is a possibility that this crypto tax hearing could be delayed due to the threat of a government shutdown. Legislators have until September 30 to pass a short-term budget bill or a budget for the upcoming fiscal year. If the hearing is held as planned, it will be an important step in determining tax policy for digital assets.

However, if there is a delay, it could affect the schedule and focus of the hearing. The postponement could also affect the crypto market structure that is already scheduled to be discussed in late October, which was previously scheduled for September 30.

Conclusion

This upcoming hearing is not only important for stakeholders in the crypto industry but also for the US government in their efforts to provide a clear and effective framework for digital asset taxes. The outcome of the hearing is expected to provide the clarity and direction needed to move the industry forward in a responsible and sustainable manner.

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