The U.S. Treasury Department plans to relax corporate cryptocurrency tax regulations, allowing companies like Strategy to potentially avoid paying billions in unrealized gains taxes

ChainCatcher news, according to Crypto In America, the U.S. Treasury is preparing to formally relax a proposed rule. This rule was originally intended to impose a 15% tax on unrealized Bitcoin gains held by companies like Strategy under the Corporate Alternative Minimum Tax (CAMT) legislation.

The CAMT legislation requires large companies to pay a minimum tax on their financial statement income. Under current accounting standards, companies must value their held cryptocurrencies at market value, which means that even without selling, their book profits (unrealized gains) will be taxed.

Previously, companies like Strategy and Coinbase had written to the Treasury, arguing that taxing unrealized gains on digital assets is unfair and would force U.S. companies to sell assets to pay taxes, putting them at a disadvantage in global competition.