Overview

• Coinbase tax chief Lawrence Zlatkin and Coin Center policy director Jason Somensatto are slated to testify, according to the committee notice.
• Chairman Mike Crapo said the session will help lawmakers assess how current tax law treats cryptocurrencies and whether updates are warranted.
• Senator Cynthia Lummis has introduced a bill to reduce taxes on Bitcoin transactions, eliminate double taxation, and create a $300 de minimis exemption.
• A government funding lapse after the Sept. 30 deadline could postpone the session, with a separate market‑structure markup already delayed into late October.
• The inquiry follows a prior request for public input and will draw on recommendations urging tailored tax treatment for digital assets.