Wyden, Crapo Call for Input on Digital Asset Tax Policy

Senate Finance Committee leaders urged cryptocurrency industry experts and observers to provide input on the taxation of digital assets in a bipartisan effort to identify key policy questions.

Finance Chair Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) are working to better understand tax “challenges and opportunities” presented by digital assets, according to a news release. The senators asked for input on several topics, including the application of the wash sale rule on digital assets and the de minimis tax exemption for small transactions.

“The rapid emergence of digital assets has raised novel regulatory issues, including the appropriate treatment ...