Senate Hearing on Crypto Taxes After IRS Ease CAMT

Next week, US Senate Finance Committee go hold hearing about crypto taxes, wey Senator Mike Crapo dey lead. The session na follow-up to IRS Notices 2025-46 and 2025-49, wey help make am easy to comply with the 15% Corporate Alternative Minimum Tax (CAMT) by allowing companies to leave out unrealized gains and losses on digital assets wey dem hold at fair value. Key witnesses na Coinbase’s VP of Tax Lawrence Zlatkin, Coin Center’s Policy Director Jason Somensatto, lawyer Andrea Kramer, and AICPA Digital Assets Tax Task Force chair Annette Nellen. Lawmakers go discuss how dem go tax digital assets, capital gains treatment, transaction tracking, plus tax wahala for staking, mining, and payments. Senator Cynthia Lummis go probably fight to stop double taxation on stakers and miners, and add small exemption for small crypto transactions. Group of senators led by Scott Bessent also beg Treasury make dem limit CAMT to realized gains only, warn say current rule fit force US companies to sell tokens. The hearing na response to White House Digital Asset Working Group wey want make crypto dey treated as different asset class and update federal tax policy. Traders suppose dey watch for new clear rules on crypto taxes as any potential reforms fit affect company strategies and market moves, especially for company like MicroStrategy wey hold over 640,000 BTC with $13.5 billion unrealized gains.