The U.S. Congress is set to hold a hearing on tax policy to promote its global leadership in the cryptocurrency sector.
This event focuses on building a modern tax policy framework to support the long-term development of cryptocurrency in the United States, while addressing tax-related issues concerning digital assets.
MAIN CONTENT
The hearing aims to establish a new tax policy to support the cryptocurrency sector in the United States.
Rumors of a 0% capital gains tax on domestic tokens have sparked much debate.
Senator Cynthia Lummis proposes a bill to improve cryptocurrency tax regulation, aiming for transparency and simplification.
What is the purpose of the U.S. Congressional hearing in the cryptocurrency sector?
The hearing organized by the U.S. House of Representatives aims to build a modern tax policy framework to enhance the country's global leadership in digital assets. This is a strategically important step, in line with the goals of developing the digital economy and innovation.
According to reports from major financial institutions and industry experts, a transparent tax policy is a key factor in helping the cryptocurrency market grow sustainably and increasing investor trust.
Is it true that a 0% capital gains tax will be applied to domestic U.S. tokens?
There is much speculation on social media about establishing a 0% capital gains tax rate for tokens issued in the United States. However, there is currently no official bill or document confirming this information.
Tax experts and analysts say that the hearing is foundational for future policy, but it does not mean an immediate tax cut, as time is needed to assess the comprehensive impact on the market and state budget.
What is the market sentiment and investor community's reaction to this information?
Although not confirmed, this information has increased expectations among traders and investors, suggesting that the U.S. is gradually expanding support for cryptocurrency through clearer legal frameworks.
"Tax transparency will create a strong incentive for investors to engage with cryptocurrency more safely and legally."
Financial expert Sophia Nguyen, Digital Market Analyst, 2025
However, according to the latest update from Fox Business reporter Eleanor Terrett, the hearing has been temporarily postponed due to the U.S. House of Representatives being on recess this week, and a new date has not yet been announced.
What does Senator Cynthia Lummis propose regarding cryptocurrency tax policy?
On July 8, 2025, Senator Cynthia Lummis announced a bill aimed at updating tax regulations related to cryptocurrency, towards a more accessible and synchronized system with traditional finance.
The bill proposes a tax exemption for transactions under $300, excludes income from cryptocurrency lending, and includes a tax deferral mechanism for mining and staking rewards until the tokens are sold. Additionally, the bill closes the 'wash sale' loophole and allows the use of mark-to-market accounting.
It is estimated that the bill will contribute approximately $600 million to the state budget by 2034. Lummis is calling for public input to finalize the bill before presenting it to the President for signing.
"Simplifying and clarifying tax regulations will keep the U.S. at the global center of innovation and cryptocurrency applications."
Cynthia Lummis, U.S. Senator, 2025
Specific changes in the new U.S. cryptocurrency tax bill
Current Regulation Changes Proposed Bill Transactions under $300 are subject to capital gains tax Exempt from tax Cryptocurrency lending Difficult to determine and tax Excluded from taxable entities Mining and Staking Taxed upon receiving rewards Tax deferred until token sale 'Wash sale' loophole Not clearly regulated Closes loophole, prevents tax fraud Accounting method Not applying mark-to-market Allows application like traditional assets
Frequently Asked Questions
When will the U.S. cryptocurrency tax hearing take place? The hearing has reportedly been postponed due to the House being on recess, and a new date has not been clearly announced. Is it certain that the U.S. will implement a 0% capital gains tax policy for tokens? There is currently no legal basis confirming this, just rumors on social media. How does Senator Lummis's bill affect cryptocurrency investors? The bill helps reduce tax complexity, exempts small transactions from taxes, and defers taxes on mining and staking, thereby creating a more favorable investment environment. Why is cryptocurrency tax policy important? Transparent and fair taxes help reassure investors, promote sustainable market development, and attract international investment. Where can updates on this policy be tracked? Updates from mainstream news outlets and statements from experts and congressional leaders will be reliable sources.
Source: https://tintucbitcoin.com/crypto-0-thue-phien-dieu-tran-moi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
