#OneBigBeautifulBill Senator Cynthia Lummis presented a bill to the U.S. Congress proposing to introduce tax incentives for private crypto investors and eliminate double taxation for miners. The bill proposes to exempt transactions involving cryptocurrencies up to $300 from capital gains tax, with an annual limit of $5000 on tax-free transactions. According to the senator, this will simplify the use of digital assets by U.S. citizens for everyday payments, such as purchasing goods or services, and will also eliminate the need to track small transactions for tax reporting. The document proposes to defer the taxation of income from mining and staking until the moment of asset sale. The author believes this will resolve the issue of double taxation currently faced by miners and stakers.