Anti-Abuse Regulation and Legislation Relating to Crypto
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…
