U.S. Senate to hold hearing on digital asset taxation on October 1

Source
JH Kim

Summary

  • The U.S. Senate reported that it will hold a hearing on October 1 on digital asset taxation.
  • It said that taxation methods for virtual asset transactions and investor protection are expected to be major agenda items at the hearing.
  • It reported that regulatory framework adjustments to capture tax bases will also be addressed.

According to economic news channel Walter Bloomberg on the 24th (local time), the U.S. Senate is scheduled to hold a hearing on October 1 (local time) to address digital asset taxation.

At this hearing, taxation methods for virtual asset (cryptocurrency) transactions, investor protection, and adjustments to the regulatory framework to capture tax bases are expected to be major agenda items.

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JH Kim

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