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 ￰0￱ Time, in Room 215 of the Dirksen Senate Office ￰1￱ Senate To Put Crypto Taxes Under The Microscope 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 ￰2￱ 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 ￰3￱ formal notice follows early reporting on social ￰4￱ Business journalist Eleanor Terrett wrote : “The @SenFinance Committee has just announced a hearing next Wednesday, October 1st at 10AM EST on crypto taxes,” adding the witness list and framing the session as a focused review of current ￰5￱ the witness lineup spans advocacy, corporate, legal, and professional-standards perspectives, the committee has not released draft legislation attached to the ￰6￱ agenda suggests a broad fact-finding remit as senators weigh how to treat the complex spectrum of digital-asset activity for federal income-tax purposes, from staking , token launches, and protocol-level distributions to basis tracking, wash-sale parity, and information-reporting ￰7￱ participants are already attempting to read the political tea ￰8￱ trader known as “HORSE” (TheFlowHorse) posted a pointed aside on X: “Tinfoil ￰9￱ admin will do anything to make their crypto activity have less of a tax ￰10￱ favorable changes are coming.” The hearing lands against a shifting backdrop for US crypto tax ￰11￱ 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 ￰12￱ October 1 session is therefore less a narrow technical hearing than a barometer of where the next wave of federal tax guidance may ￰13￱ Finance Committee’s site lists the hearing time as 10:00 ￰14￱ 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 ￰15￱ press time, the total crypto market cap was $3.77 trillion.