The post U.S. Senate panel to hold crypto tax policy hearing on October 1 appeared on BitcoinEthereumNews.com.

The Senate Banking Committee will hold a public hearing on October 1 to go after one of the most confusing messes in U.S. finance right now:- how crypto gets taxed. The committee confirmed the date in a notice first reported by Eleanor Terrett, and witnesses lined up include Jason Somensatto, Policy Director at Coin Center; Andrea S. Kramer, founding member of ASKramer Law; Lawrence Zlatkin, Vice President of Taxation at Coinbase; and Annette Nellen, Chair of the Digital Asset Taxation Working Group under the American Institute of Certified Public Accountants. This hearing is meant to address a problem that’s pissed off crypto users for years, which is why every small crypto transaction, even a few dollars, triggers a tax headache. The Senate is being pushed to finally look at de minimis exemptions, which would let people use crypto for daily stuff (like grabbing a coffee) without reporting every damn thing to the IRS. Trump administration backs small crypto tax relief Cryptopolitan reported back in July that White House Press Secretary Karoline Leavitt had said that the Trump administration still wants to push through the de minimis exemption in upcoming laws. “The president did signal his support for de minimis exemption for crypto and the administration continues to be in support of that,” Karoline said. She explained that right now, using crypto for basic purchases is too complicated because of tax rules, but a change could make everyday payments smoother. “We are definitely receptive to it to make crypto payments easier and more efficient for those who seek to use crypto as simple as buying a cup of coffee — of course, right now, that cannot happen, but with the de minimis exemption perhaps it could in the future.” Karoline also revealed that President Trump plans to host a signing ceremony…

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Filed under: News - @ September 25, 2025 2:25 am