US SENATE TO HOLD HEARING ON CRYPTO TAXATION

Summary from the TLDR Crypto newsletter

The Senate Finance Committee has scheduled a hearing on October 1 to review how cryptocurrency should be taxed, reflecting the growing urgency around modernizing the US tax code for digital assets. The session comes as lawmakers debate exemptions for small, routine crypto purchases and broader reforms. Current IRS rules treat all crypto transactions as taxable events, even when no gains or losses occur.