U.S. Senate to discuss digital assets tax reforms on October 1 – Details

ambcryptoPublicado em 2025-09-24Última atualização em 2025-09-25

Key Takeaways

Why will Congress discuss crypto tax next month?

To help address lack of clarity and the cost of the current crypto tax regime

Will it boost crypto adoption?

A clear and retail-friendly tax regime could drive crypto adoption. But there is a lot of balancing act for this to be achieved.

The U.S. Congress appears to be ready to take another shot at addressing the crypto tax, which many industry players have deemed restrictive.

On the 1st of October, the U.S. Senate Finance Committee will have a hearing on the same with the theme ‘Examining taxation in digital assets.’

Amongst those invited to the discussion are representatives from the crypto advocacy group, Coin Center, a Coinbase tax executive, and an official from the American Institute of CPAs.

This underscored Congress’s determination to address the current unclear crypto tax regime through a potential policy solution.

Sen. Lummis attempt to lower crypto taxes

In July, pro-crypto Senator Cynthia Lummis tried pushing for a tax exemption for transactions below $300 (also known as a de minimis exclusion).

Additionally, she voiced for lower rates for Bitcoin to encourage adoption.

Lummis also proposed deferral of tax on mining and staking income until the assets are sold, and an exemption on crypto lending. But the bill has not advanced from the introduction stage.

Although Lummis tried to slip in part of these proposals (like tax exemption for $200-$300 crypto transfers) into the ‘Big Beautiful Bill’, it was shot down due to revenue concerns.

Potential proposals at the hearing

As such, part of the proposals by Lummis could be floated again during the hearing. Besides tax clarity on staking, DeFi yield, derivatives, and lending could feature in the talks.

But like the past roadblock, lawmakers will have to balance the impact on government revenue and the adoption incentive.

Interestingly, the President Donald Trump administration supports a zero tax capital gain on Bitcoin [BTC] to make ‘crypto transactions easy.’

What’s next for U.S. crypto tax?

However, the upcoming hearing won’t immediately resolve the sector’s tax challenges. Instead, it aims to build consensus amongst tax experts.

Once that’s achieved, the Senate Committee will consider policy options, either amendments to existing laws or a standalone bill.

However, any legislative path chosen by the Senate must also be approved by the House.

Leituras Relacionadas

Zuckerberg Enters the Prediction Market

Mark Zuckerberg's Meta has entered the predictive markets arena with a new app called "Arena." Currently in an early experimental phase, Arena will initially operate as a standalone app using a points-based system where users can predict outcomes on politics, sports, and world events without real money. Meta plans to leverage its vast daily active user base for growth. The move comes as the predictive market industry sees explosive growth, with platforms like Polymarket and Kalshi handling hundreds of billions in volume. While a points system avoids initial regulatory hurdles, Meta hasn't ruled out introducing real-money betting later. The strategy aligns with Meta's pattern of adopting popular trends, though challenges remain, including regulatory scrutiny and the historically mixed success of its standalone apps.

Foresight NewsHá 2m

Foresight NewsHá 2m

Semiconductor Stock Rebound: Is the Technical Correction Over or a Trend Reversal?

The core of recent semiconductor stock volatility is not about daily price swings, but rather the market questioning whether AI-driven semiconductor pricing has entered a new phase. Following a sharp sell-off in Korean stocks on June 23rd, led by Samsung and SK Hynix, a subsequent rebound is seen more as a technical positioning adjustment rather than a confirmed trend reversal. The key variable is HBM (High Bandwidth Memory), essential for AI chips. Its supply-demand imbalance granted memory makers significant pricing power. The current market focus is on whether this dynamic remains strong enough to justify elevated valuations. All eyes are on Micron's upcoming earnings report. The critical factor is not whether results meet already high expectations, but whether the company's guidance confirms that AI memory pricing power, order visibility, and future margins are still expanding. Micron's outlook will serve as a crucial test for the broader AI semiconductor chain, including Samsung, SK Hynix, and other infrastructure players. The recent bounce appears to be a pre-earnings positioning repair. For it to evolve into a sustained uptrend, concrete evidence is needed that the AI infrastructure expansion cycle's fundamentals—particularly for high-end memory—remain robust and can continue to surpass elevated market expectations. The risk is that strong demand alone may not be sufficient if future guidance hints at peaking momentum or increasing supply-side pressures.

marsbitHá 29m

Semiconductor Stock Rebound: Is the Technical Correction Over or a Trend Reversal?

marsbitHá 29m

Global Tech Stocks Plunge: Another Stress Test for the AI Bull Market

Global tech stocks plummeted in a sharp selloff on June 23, with South Korea's KOSPI index crashing nearly 10%, triggering a trading halt. The plunge was led by semiconductor giants Samsung and SK Hynix, dragging down major Asian and US tech indexes and levered ETFs. The immediate trigger was a confluence of three signals within 24 hours: 1) reports that SK Hynix was slowing HBM4 expansion, raising doubts about a key AI chip bottleneck; 2) profit-taking ahead of Micron's earnings report after its massive year-to-date rally; and 3) a warning from Korean regulators about the risks of single-stock leveraged ETFs. The selloff's severity was amplified by Korea's uniquely leveraged market structure: record-high retail margin debt, over $30 billion in volatile single-stock leveraged ETFs requiring daily rebalancing (which creates selling pressure during declines), and the surprising shift of the National Pension Service from a net buyer to a net seller. The event reignited debates about an AI bubble. Analysts differed on timing—some warned of imminent rupture, others saw a temporary liquidity-driven correction—but agreed that sky-high valuations, a shift to retail/leveraged buying, and rising rates created a fragile setup. The parallel steep drop in SpaceX's stock, alongside its massive debt raise for AI infrastructure, underscored a broader market shift from narrative-driven "infinite imagination" to a "return on investment" calculation phase. All eyes are now on Micron's upcoming earnings report, seen as a key test for the AI hardware trade's fundamental logic. A strong report could stabilize markets, while a miss could validate deeper fears. The episode serves as a stark warning: when a bull run becomes dependent on leveraged bets on a single narrative, a violent and rapid correction should not be a surprise. The core question for investors is how much drawdown they are willing to tolerate to stay invested.

marsbitHá 31m

Global Tech Stocks Plunge: Another Stress Test for the AI Bull Market

marsbitHá 31m

Ethereum Foundation Cuts 20% of Staff, 54 Depart: The Survival Logic Behind the Restructuring

The Ethereum Foundation (EF) has announced a major restructuring, resulting in the departure of 54 staff members, representing approximately 20% of its workforce. This reorganization is not merely a cost-cutting measure but a strategic refocusing. The EF will now concentrate its resources on what it deems critical and unique tasks, structured around five new operational clusters. The new structure comprises clusters dedicated to: the Protocol Layer (ensuring Ethereum's core properties like censorship resistance and security); the Access Layer (enabling trusted, non-intermediated user interactions); the User Layer (grounding decisions in real user needs and constraints); the Community Layer (representing EF's stance and building alliances); and the Institutional Layer (engaging with enterprises, governments, and academia to promote principled adoption). The foundation stated that the layoffs were a difficult but necessary step to align its organization and spending with its long-term mandate, insulating its core work from short-term market fluctuations. Affected employees were offered a severance package and transition support. The restructured EF emerges as a leaner and more focused organization, poised to prioritize the development and preservation of Ethereum's foundational promise of self-sovereignty. Further details on the new operational model are expected in the coming weeks.

marsbitHá 33m

Ethereum Foundation Cuts 20% of Staff, 54 Depart: The Survival Logic Behind the Restructuring

marsbitHá 33m

Talking About Returns But Not Collection? Goldfinch's Liquidation Sounds the Alarm for RWA Credit

Goldfinch, a crypto lending platform connecting investors with real-world borrowers, has proposed a full wind-down via governance proposal GIP-87. The plan would halt all new development, shut down its flagship Goldfinch Prime product, and allocate 150,000 USDC to manage the collection of outstanding loans. While the proposal is under community vote, it highlights a critical shift for the RWA (Real World Asset) lending sector: the transition from a growth phase focused on yields to a difficult recovery phase focused on collections. The proposal reveals that while the protocol's on-chain TVL is low, it still holds tens of millions in active, non-performing loans off-chain. This gap underscores that tokenizing debt makes tracking exposure transparent but does not simplify the offline, labor-intensive, and legally complex process of loan recovery. The case of the Lend East pool, where only an estimated 42% of a $10.15 million loan may be recovered, exemplifies the potential for significant investor losses. The wind-down plan forces token holders to govern not expansion but the maintenance of a debt collection system, including funding legal trust structures and preserving user access for repayments. This move starkly contrasts with the sector's typical narrative of rapid, AI-powered underwriting and high yields, exposing the often-overlooked necessity for robust borrower vetting, standardized disclosure, and sustainable collection mechanisms. Ultimately, Goldfinch's situation serves as a crucial stress test for the entire RWA lending space. It demonstrates that a platform's true resilience is tested not during capital deployment but during the protracted, costly, and uncertain process of recovering defaulted loans from real-world borrowers, a challenge blockchain transparency alone cannot solve.

Foresight NewsHá 38m