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- Nidhi Kolhapur
Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 09, 2025 10:50 UTC
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Is 0% Crypto Tax Coming? Everything About the U.S. House Hearing
U.S. House hearing on digital asset tax policy aims to make America a global crypto leader amid 0% capital gains tax rumors.
Senator Lummis proposes clearer crypto tax rules to simplify regulations, support innovation, and align with traditional finance.
The U.S. House is all set to hold a hearing today to explore how tax policy can help make America a global leader in digital assets. Titled “Making America the Crypto Capital of the World,” the focus is on building a modern tax policy that supports the growth of digital assets in the U.S.
0% Capital Gains Tax Rumors Spark Speculations
There are growing rumors on social media that a 0% capital gains tax could be proposed for U.S.-based tokens. If this is true, it could prove to be a game-changer, marking a huge shift for investors and could spark a massive rally in the crypto markets.
However, there is no confirmation yet on a 0% capital gains tax. Users note that currently, there is no bill, draft, or official framework supporting this claim, and these are just speculations. The House hearing seems to be more about setting the stage for future crypto tax policy, rather than announcing immediate cuts.
Sentiment Still Strong
But there is a lot of speculation online, and traders see this as a sign that the U.S. may finally be warming up to digital assets. This is mostly about a long-term framework. Many believe that tax clarity could be a major step towards mainstream adoption.
Fox Business Journalist Eleanor Terrett shared in a recent update that the hearing on the “Digital Asset Tax Policy Framework” has been postponed. The House is out of session this week, and a new date is yet to be announced.
Senator Lummis Pushes for Clearer Crypto Tax Rules
Senator Cynthia Lummis introduced a new bill on Thursday, which is aimed at updating crypto tax rules, as Congress works toward clearer regulations for digital assets. She stressed that for the U.S. to remain a global leader, the tax system should make it easier, not harder, to use and innovate digital assets like crypto.
The proposal aims to bring crypto tax rules in line with traditional finance and reduce unnecessary complexity. Key updates include exempting transactions under $300, excluding crypto lending from taxation, and deferring taxes on mining and staking rewards until the tokens are sold.
It also closes the wash sale loophole and allows traders to use mark-to-market accounting, like traditional asset tax rules. The bill is expected to raise around $600 million by 2034. Lummis is seeking public input to help get the bill to the President’s desk.
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FAQs
Currently, there are only social media rumors about a 0% capital gains tax. No official bill, draft, or framework confirms this speculation.
It aims to simplify crypto tax rules, bringing them in line with traditional finance, potentially reducing the tax burden and complexity for investors.
Yes 
No 
