Senator Lummis proposes crypto tax amendment to major US budget bill
Senator Cynthia Lummis is trying to add a major crypto tax measure to Trump’s “Big Beautiful Bill.” The amendment seeks to end “double taxation” on staking/mining rewards, taxing them only when sold. It proposes waiving taxes on small crypto transactions below $300 (with a $5,000 annual cap). US Senator Cynthia Lummis is making a significant…