Who?
Sen. Steve Daines (R-MT) — Finance & Banking Committees
LISTEN: Laslo & Daines
Ask a Pol asks:
Where are you on taxing digital assets?
Key Daines:
“The most important principle will be removing the current uncertainty,” Sen. Steve Daines exclusively tells Ask a Pol Crypto.
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Caught our ear:
The taxation part feels tied to market structure, because they need a definition of which digital assets are commodities, right?
“You can’t disconnect those two,” Daines tells us.
Below find a rough transcript of Ask a Pol’s exclusive interview with Sen. Steve Daines (R-MT), slightly edited for clarity.
TRANSCRIPT: Sen. Steve Daines (10-1-2025)
SCENE: Sen. Steve Daines is rushing through the first floor of the US Capitol on his way to vote on the Senate floor on the second floor when Ask a Pol’s Matt Laslo joins him and proceeds to accompany him up a flight of stairs.
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Matt Laslo: “Hey Senator!”
Steve Daines: “Hey.”
ML: “I was curious your thoughts on the idea…”
Daines breezes past a bank of elevators and motions to a stairwell around the corner.
SD: “Mind taking steps with me?”
ML: “Yeah.”
ML: “But the notion of setting up a new tax bracket for digital assets…”
SD: “Yeah.”
ML: “Where are you?”
SD: “Well, it’s — the most important principle will be removing the current uncertainty…”
ML: “Ahuh?”
SD: “…which we talked about in hearing today. So stay tuned in terms of what we’re going to be looking at in terms of taking the lead on the crypto tax part, which of course the Banking [Committee] has got and Senator [Cynthia] Lummis is doing her work, and we just want to compliment that on the final tax bill.”
ICYMI — Senate Finance Committee hearing 10-1-2025*
*source: Senate Finance Committee via CoinDesk (via YouTube)
ML: “That’s where it kind of feels tied to market structure, because they need the definition of commodity?”
SD: “They’ll be — they definitely, you can’t disconnect those two.”
ML: “Yeah? Right?”
SD: “Okay.”
Daines heads to entrance of Senate floor.
ML: “Preciate it. Thank you.”
