On October 1, 2025, the U.S. Senate Finance Committee will hold a high-profile hearing examining the taxation of digital assets. Lawmakers will discuss capital gains treatment, reporting requirements for crypto transactions, staking and DeFi rewards, and possible exemptions for small transactions under de minimis rules. This hearing is a critical event for the U.S. crypto market because the outcome could affect investor behavior and institutional participation. Positive signals, such as clear rules and favorable treatment for retail or institutional investors, could encourage adoption of Bitcoin, Ethereum, Solana, and U.S.-listed exchange tokens like COIN and BNB. Conversely, stricter rules or ambiguous guidance may increase compliance costs, reduce trading activity, and shift investment offshore. Traders are also watching how this may impact DeFi protocols popular with U.S. users, including Uniswap and Aave. The event is expected to generate heightened volatility as participants price in potential tax implications for both retail and institutional investors.