#TrumpTariffs In the USA, it is proposed to charge only profit tax from crypto companies

US Senator Cynthia Lummis, along with her colleague Senator Bernie Moreno, has appealed to the US government to reconsider the tax regime for cryptocurrencies.

Lawmakers propose to relieve American companies from the "unfair burden of taxation" by changing the accounting rules for unrealized profits from digital assets.

Currently, corporations with annual income exceeding $1 billion pay no less than 15% in taxes. The Lummis-Moreno proposal states that applying this rule to unrealized profits harms American crypto firms.

According to Lummis, American companies will be taxed more than foreign competitors in the field of digital finance. And this could hinder the US from leading in this sector on a global scale.