US Senators Urge Treasury to Exempt Unrealized Crypto Gains from Corporate Tax

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-13 22:19:01

Two U.S. senators have called on the Treasury Department to prevent the corporate alternative minimum tax (CAMT) from penalizing domestic firms for unrealized cryptocurrency gains. In a May 12 letter, Senators Cynthia Lummis and Bernie Moreno urged Treasury Secretary Scott Bessent to issue guidance excluding digital asset gains from Adjusted Financial Statement Income (AFSI) calculations under CAMT.

The lawmakers warned that without regulatory relief, U.S. corporations may be forced to liquidate crypto holdings to meet tax obligations—potentially putting them at a competitive disadvantage against foreign firms operating under different accounting standards. The dispute centers on the intersection of CAMT with mark-to-market accounting rules introduced by the Inflation Reduction Act.

By:

Log in to Reply

Amazon Partners with FedEx for Large Package Deliveries, AMZN Stock Eyes $290

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.