Senator Cynthia Lummis (R-WY) has introduced standalone legislation to modernize U.S. crypto taxation, targeting everyday users and miners. The bill aims to eliminate reporting burdens for small transactions and resolve double taxation issues plaguing the industry. Key Provisions • $300 De Minimis Exemption: Capital gains tax waived for transactions under
Washington D.C. – In a dramatic session that stretched over 24 hours, the U.S. Senate has passed a sweeping budget reconciliation bill championed by President Donald Trump. However, the crypto industry is marking this as a significant missed opportunity, as a crucial amendment aimed at easing the tax burden on
Senator Cynthia Lummis (R-WY) has introduced standalone legislation to modernize U.S. crypto taxation, targeting everyday users and miners. The bill aims to eliminate reporting burdens for small transactions and resolve double taxation issues plaguing the industry. Key Provisions • $300 De Minimis Exemption: Capital gains tax waived for transactions under
Washington D.C. – In a dramatic session that stretched over 24 hours, the U.S. Senate has passed a sweeping budget reconciliation bill championed by President Donald Trump. However, the crypto industry is marking this as a significant missed opportunity, as a crucial amendment aimed at easing the tax burden on
