The U.S. Senate Finance Committee will hold a key hearing on cryptocurrency taxation this Wednesday, just one day after the Treasury Department and Internal Revenue Service (IRS) released interim relief guidance on the Corporate Alternative Minimum Tax (CAMT) — a Biden-era policy impacting large corporations, including those in the digital asset sector.
The CAMT, enacted under the Inflation Reduction Act of 2022, imposes a 15% minimum tax on financial statement income for corporations with more than $1 billion in annual profits.
This change could significantly impact companies with large crypto holdings. For example, Michael Saylor’s Strategy — which holds over 640,000 Bitcoin (BTC) valued at $13.5 billion in unrealized gains this year — would have faced billions in CAMT liability without this relief.
However, new interim guidance — Notice 2025-46 and Notice 2025-49 — aims to reduce compliance burdens. Importantly, Notice 2025-49 clarifies that unrealized gains and losses on digital assets held at fair value can be excluded from CAMT income.
Senate Hearing on Digital Asset Taxation
The Finance Committee’s hearing, titled “Examining the Taxation of Digital Assets,” will be chaired by Senator Mike Crapo. Key industry representatives, including Coinbase’s Vice President of Tax, Lawrence Zlatkin, and Coin Center’s Policy Director, Jason Somensatto, will testify.
The session will address whether current U.S. tax rules, originally designed for securities and commodities, are appropriate for the unique nature of digital assets.
Policy Context: White House Recommendations
In July 2025, the White House Digital Asset Working Group issued recommendations urging lawmakers to treat crypto as a distinct asset class and modernize tax regulations accordingly.
This week’s developments highlight growing recognition in Washington that crypto taxation requires tailored rules, especially as corporations and institutional investors expand their exposure to Bitcoin, Ethereum, and tokenized assets.
With the IRS offering relief from punitive unrealized tax burdens and the Senate moving to examine digital asset tax policy, the U.S. appears to be taking steps toward clearer and fairer regulation for the crypto industry.
The outcome of Wednesday’s hearing could shape how corporate crypto holdings and individual digital asset transactions are taxed in the years ahead.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.