U.S. Leaders Push for Bitcoin Tax Exemption

Senator Cynthia Lummis and former Congressman Mike Rogers are advocating for the removal of tax requirements on small Bitcoin transactions in the United States to promote broader adoption.

Lummis and Rogers' proposal could increase Bitcoin's utility in everyday transactions, encouraging wider public and financial sector engagement with cryptocurrencies.

Senator Cynthia Lummis and former Congressman Mike Rogers have intensively advocated for clearer digital asset regulations. This includes a push for legislation that aims to remove tax-reporting requirements on small Bitcoin transactions. Such policy changes propose to make everyday Bitcoin use more feasible for Americans.