🇺🇸 Crypto Tax Reform Gets a Solo Push from Senator Lummis 📜💥
Senator Cynthia Lummis is back in action — this time with a standalone crypto tax bill that mirrors proposals once considered for Trump’s budget plan. 🧾
Here’s what’s inside the legislation:
🔹 $300 De Minimis Exemption — No capital gains reporting on crypto transactions under $300.
🔹 No More Double Taxation — Mining & staking rewards would avoid redundant IRS treatment.
🔹 Clarity on Use Cases — Lending, donations, and dealer accounting finally get clean rules.
🎯 This is a major step toward sensible crypto tax reform in the U.S., aimed at reducing friction for users and businesses alike.
🗳️ Will it pass on its own? Time will tell — but the momentum is building.
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