The U.S. Senate will question the CEO of Coinbase about cryptocurrency tax regulations next week.

The U.S. Senate will hold an important hearing on October 1 to review the issue of taxing digital assets, with the participation of leaders in the crypto industry, tax lawyers, and policy experts. Key participants include Coinbase Vice President Lawrence Zlatkin, Jason Somensatto from Coin Center, and Annette Nellen from the American Institute of Certified Public Accountants.

The hearing took place following a report from the White House calling on Congress to adjust the current tax regulations for digital assets, clarifying how stablecoin payments and rewards from staking or mining should be taxed. Senators Cynthia Lummis and Bernie Moreno emphasized the unexpected burden from CAMT, which could tax unrealized gains, forcing American companies to sell assets to pay taxes.

The hearing also considered tax exemptions for small transactions. In the context of the IRS monitoring Coinbase data, this event is an important opportunity for the industry to propose transparent and fair tax policies while protecting privacy and competition.