Overview

• The hearing, titled “Examining the Taxation of Digital Assets,” is scheduled to feature Coinbase tax vice president Lawrence Zlatkin, Coin Center policy director Jason Somensatto, and AICPA expert Annette Nellen.
• The committee plans to review how current rules treat cryptocurrencies and NFTs as property, which can trigger capital-gains taxes and add reporting complexity.
• Lawmakers are expected to consider White House Digital Asset Working Group recommendations urging Treasury and the IRS to clarify taxation of stablecoin payments and small earnings from airdrops, mining, and staking.
• Senator Cynthia Lummis’s proposal is a key reference, including a de minimis exemption for transactions under $300, reduced tax treatment for some Bitcoin payments, and measures to prevent double taxation through deferrals.
• A potential government shutdown tied to the Sept. 30 funding deadline has already delayed a separate crypto market-structure markup and could force the Oct. 1 tax hearing to be rescheduled.