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Reading: Senate Sets Crypto Tax Showdown—Will Trump Push Sweeping Relief?
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The cryptonews hub > Blog > Market > Senate Sets Crypto Tax Showdown—Will Trump Push Sweeping Relief?
Market

Senate Sets Crypto Tax Showdown—Will Trump Push Sweeping Relief?

Crypto Team
Last updated: September 26, 2025 8:00 am
Crypto Team
Published: September 26, 2025
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wp header logo 2478 Senate Sets Crypto Tax Showdown—Will Trump Push Sweeping Relief?

The US Senate Committee on Finance has scheduled a hearing titled “Examining the Taxation of Digital Assets” for Wednesday, October 1, 2025, at 10:00 a.m. Eastern Time, in Room 215 of the Dirksen Senate Office Building.

The panel will hear testimony from industry and tax-policy experts, including Jason Somensatto, director of policy at Coin Center; Andrea S. Kramer, a founding member of AS Kramer Law; Lawrence Zlatkin, vice president of tax at Coinbase; and Annette Nellen, chair of the Digital Assets Tax Task Force at the American Institute of CPAs. The committee’s notice lists Chairman Mike Crapo and Ranking Member Ron Wyden for opening statements and says a livestream will be available on the committee’s website.

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The hearing lands against a shifting backdrop for US crypto tax policy. Earlier this year, the Senate voted with a wide bipartisan margin to roll back a Biden-era rule that would have extended broker-style reporting to certain decentralized finance platforms beginning in 2027, a move the industry argued misfit the technology and imposed disproportionate costs.

The October 1 session is therefore less a narrow technical hearing than a barometer of where the next wave of federal tax guidance may head. The Finance Committee’s site lists the hearing time as 10:00 a.m. ET on October 1; for European readers, that corresponds to 16:00 CEST. A livestream link will be posted on the committee page closer to the start.

At press time, the total crypto market cap was $3.77 trillion.

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