Crypto Industry to Senate: Trick or Treat, Any Tax Cuts to Eat?

On October 1, 2025, the Senate Finance Committee held a hearing on cryptocurrency taxation (the “Hearing”), which followed a similar hearing held by the House Ways and Means Committee in July that we summarized here. Representatives from the cryptocurrency industry, including Coinbase and Coin Center, testified about various cryptocurrency tax issues and criticized perceived flaws in the current federal framework for taxing cryptocurrency….
By: Cadwalader, Wickersham & Taft LLP