🇺🇸 Lummis launches independent crypto tax bill
Senator Cynthia Lummis introduced a bill to reform cryptocurrency taxes.
It proposes:
- Tax exemption for transactions under $300. $SUI
- Tax deferral on mining and staking rewards.
- Elimination of double taxation on crypto loans and donations.
🎯 Objective: to facilitate the everyday use of crypto without tax penalties. $HFT
💥 If coffee with $BTC pays taxes… innovation cools down.
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