Institute on Taxation and Economic Policy (ITEP)

Crypto Tax Policy

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Congress Should Reject Proposed Tax Breaks for Crypto

July 16, 2026 • By Steve Wamhoff

Congress Should Reject Proposed Tax Breaks for Crypto

Crypto provides no clear benefit and instead harms society in several ways. Even if crypto was useful in some way that outweighed the harms it causes, there is no reason to make exceptions that treat it more generously than other types of assets or transactions.