The U. S. Congress is reviewing the regulatory framework for the taxation of digital assets at the time of this writing. At the president’s direction,[1] rules that affect digital asset taxation have been a focus of both the House of Representatives and the Senate.[2]  

In particular, since the House passed the CLARITY Act (pending in the Senate) and the report of the President’s Working Group on Digital Asset Markets was issued in July 2025,[3] a number of Congressional Committees have been reviewing existing and proposed digital asset taxation in some detail. I have been involved with these efforts as an invited witness, providing testimony before the Senate Committee on Finance in October,[4] and offering my feedback in various…