The post Congressional Panel Tackles Digital Asset Taxation Amid Treasury Relief appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Oct 02, 2025 14:38

The U.S. Treasury Department’s exemption of digital assets from corporate minimum tax rules marks a victory for the cryptocurrency industry, particularly for firms like MicroStrategy and Coinbase.

The cryptocurrency industry secured a major victory as the U.S. Treasury Department exempted digital assets from corporate minimum tax rules, just as Senate lawmakers convened yesterday to tackle the mounting complexities of taxing the $2.3 trillion digital asset market. The Senate Finance Committee hearing, chaired by Senator Mike Crapo of Idaho, brought together industry heavyweights and tax experts to address what many describe as the most pressing regulatory challenge facing American crypto businesses. The timing proved fortuitous, coming on the heels of Treasury guidance that spares corporations from paying taxes on unrealized cryptocurrency gains under the Corporate Alternative Minimum Tax. Industry Celebrates Regulatory Breakthrough The Treasury’s decision represents a stunning reversal after months of intensive lobbying by major crypto firms. MicroStrategy, which holds over $15 billion in Bitcoin reserves, and Coinbase had jointly petitioned the Treasury in May, arguing that taxing unrealized gains would be both unconstitutional and economically destructive. “This ruling removes a massive regulatory sword hanging over corporate Bitcoin adoption,” said Marcus Chen, senior policy analyst at Digital Asset Research Institute. “Companies can now build Bitcoin treasuries without fear of facing tens of billions in phantom tax liabilities.” The relief comes as new broker reporting requirements loom large. Starting January 2026, crypto exchanges must file Form 1099-DA reports, marking the most significant expansion of digital asset tax compliance in U.S. history. Senate Hearing Exposes Deep Regulatory Gaps Yesterday’s hearing laid bare the fundamental challenges plaguing crypto taxation. Chairman Crapo opened with stark observations about the current system’s inadequacies, noting that existing tax codes provide no clear guidance…

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Filed under: News - @ October 4, 2025 7:26 am