IRS Eases Crypto Tax Rules as Senate Reviews Digital Asset Policy

• The IRS issued guidance to ease tax compliance under Corporate Alternative Minimum Tax (CAMT) for crypto-heavy companies.
• The Senate Finance Committee held a hearing addressing gaps in digital asset taxation.

On October 1, 2025, CoinDesk reported that the U.S. Internal Revenue Service (IRS) and the Treasury Department released interim guidance aimed at reducing tax burdens for corporations holding significant digital assets. Detailed in IRS Notices 2025-46 and 2025-49, the guidance seeks to simplify compliance under the Biden-era CAMT regulations, which have posed challenges for crypto-focused companies.

Specifically, the new rules allow corporations to exclude unrealized gains and losses on digital assets from their adjusted financial statement income when calculating CAMT liabilities. This measure benefits firms like Michael Saylor’s Strategy, which could have faced substantial tax penalties due to unrealized Bitcoin gains.

The IRS announcement coincided with a U.S. Senate Finance Committee hearing scheduled for the same day, focused on reforming digital asset tax policy. Chaired by Senator Mike Crapo, the hearing gathered industry leaders, tax experts, and legislators to address regulatory ambiguities in the existing tax code. Representatives from Coinbase and Coin Center offered testimony on the practical challenges digital asset companies face under current laws.

These developments underscore growing momentum in Washington to establish more comprehensive regulations for the rapidly evolving cryptocurrency market. Despite concerns over a potential government shutdown, the Senate hearing proceeded, highlighting the issue’s importance.

As of October 1, 2025, 16:08 UTC, Bitcoin (BTC) is trading at $117,643.44, with a 3.93% increase in 24-hour trading volume, according to CoinMarketCap.