Catenaa, Monday, September 29, 2025- The US Senate Finance Committee will hold a hearing Wednesday to review taxation of digital assets, following the White House’s push for clearer crypto tax guidance.
The session, chaired by Senator Mike Crapo, will examine current rules and potential reforms affecting miners, stakers, and other crypto participants.
Witnesses include Coinbase Vice President of Tax Lawrence Zlatkin, Coin Center policy director Jason Somensatto, Annette Nellen of the American Institute of CPAs’ Digital Assets Tax Task Force, and Andrea S. Kramer, founding partner at ASKramer Law.
The panel will discuss areas such as stablecoin payments, airdrops, mining rewards, and staking taxation.
The hearing comes after the White House Digital Asset Working Group’s July report urged Congress to recognize crypto as a distinct asset class with tailored tax rules.
The report warns that if lawmakers do not act, the Treasury Department and IRS should provide specific guidance to reduce uncertainty for taxpayers and businesses.
Senator Cynthia Lummis has highlighted what she describes as “unfair double taxation” for miners and stakers, who currently face taxes when receiving rewards and again when selling them.
Lummis previously sought a fix in the July budget reconciliation bill under former President Donald Trump, but the provision was not included in the final legislation.
The committee’s review aims to balance innovation with regulatory certainty, offering clarity for investors and companies while ensuring proper tax compliance. Lawmakers and experts expect the hearing to influence potential legislative or administrative measures to address crypto taxation challenges.
