Senate Talks Crypto Taxes: What's the Deal?

The US Senate Finance Committee is set to discuss crypto taxes, following the release of new rules by the Treasury and IRS to simplify compliance for companies under the Corporate Alternative Minimum Tax (CAMT).

Key Points

• CAMT Overview:
• A 15% tax on big companies' profits, signed into law in 2022.

• New rules, Notice 2025-46 and Notice 2025-49, aim to simplify compliance until final regulations are issued.

• Impact on Crypto Companies:
• Notice 2025-49 allows crypto firms to ignore unrealized gains and losses when calculating CAMT income.

• This is crucial for companies like MicroStrategy, which holds significant Bitcoin assets, as it prevents massive tax burdens.

• Senate Hearing Details:
• Scheduled a day after the new rules were released.
• Led by Senator Mike Crapo.
• Includes experts from Coinbase and Coin Center.
• Part of a broader effort to update tax rules for digital assets, following White House recommendations earlier this year.

What This Means

The government is working to keep up with the evolving crypto landscape, ensuring tax rules are fair and manageable for companies.