In the US, there are calls to reconsider the tax on unrealized cryptocurrency gains

US Senators Cynthia Lummis and Bernie Moreno called on the Treasury to exclude unrealized profits from cryptocurrencies from the calculation of corporate tax.

Our edge in digital finance is at risk if U.S. companies are taxed more than foreign competitors. @berniemoreno & I urged the @USTreasury to lift an unintended tax burden on U.S. digital asset companies. To lead the world in digital assets, we need a level playing field.⬇️ pic.twitter.com/V7pwAUqRc4

— Senator Cynthia Lummis (@SenLummis) May 13, 2025

In a letter to the head of the agency, Scott Besant, they stated that the current regulations put American companies at a disadvantage.

This refers to the Corporate Alternative Minimum Tax (CAMT), introduced in 2022. It requires companies with income of $1 billion or more to pay 15% on profits calculated according to GAAP standards, rather than traditional tax norms.

The problem arose after the update of the Financial Accounting Standards Board (FASB) rules ( in December 2023: companies must assess digital assets at market value, even if they have not sold them. This automatically increases the tax base.

"Neither Congress nor the FASB anticipated such an outcome. This is a side effect of linking taxes to the standards of a private organization," the senators noted.

They warned that companies are forced to sell assets to pay taxes, while foreign competitors are free from such obligations.

Lammis and Moreno demanded that the Ministry of Finance urgently issue temporary guidelines excluding unrealized profits from calculations.

“Without changes, the USA will lose leadership in digital finance,” said Lammis.

The senator is also promoting the BITCOIN Act, which will allow the government to hold more than 1 million bitcoins within the newly established crypto reserve.

Recall that in March, the U.S. House of Representatives voted to repeal the IRS rule requiring DeFi platforms to collect and provide user data.