The Senate Financing Committee said 24 September that the following week will hold a hearing on how digital assets should be taxed if industrial leaders continue to insist on clear federal rules.
Committee Chairman Mike Crapo announced that the session, entitled “Investigate the Tax on Digital Assets”, will be held on 1 October.
According to the notification, Coinbase Vice President of Tax Lawrence Zlatkin and Coin Center Policy Director Jason Sonenatto are planned to testify.
The committee previously asked public input on how existing tax laws apply to cryptocurrencies and whether new legislation is needed.
The upcoming hearing is expected to build on recommendations from the Digital Asset Working Group of the White House, which encouraged legislators to recognize crypto as a separate activa class that is controlled by tailor -made tax rules for raw materials and effects.
Pro-Crypto-senator Cynthia Lummis has driven its own proposal, including a minimis exemption for digital asset transactions under $ 300 and reduced tax rates for bitcoin payments as part of a broader push to remove barriers for daily use.
The developments are among a broader legislative push by legislators to set up an extensive regulatory framework for Stablecoins and the wider crypto industry. However, the timing for the Senate tax hearing remains uncertain.
The congress is confronted with a deadline of 30 September to take government financing, which could lead to a closure that the committee would force to postpone the hearing. The political impasse has already delayed a separate preparation of the legislation for crypto market structure until later in October.
The hearing of the Financial Committee will mark one of the most visible steps of the Trump administration to clarify how digital assets are taxed, a subject that is long criticized by lawyers who are entangled in ambiguity.