<ul data-eligibleForWebStory="false"><li>Wyoming Senator Lummis has unveiled a crypto-tax overhaul bill addressing various pain points in the existing system.</li><li>Key provisions include a de minimis exclusion for gains on transactions ≤ $300, deferring taxes on mining and staking rewards until coins are sold, extending safe harbor for securities-lending to digital assets, applying wash-sale rules to crypto, and allowing full-time traders mark-to-market accounting.</li><li>The bill aims to simplify crypto taxation, with estimated positive revenue impact of $600 million over ten years.</li><li>The bill has received positive reactions from industry groups and tax experts, and is set to move to the Senate Finance Committee for further discussion.</li></ul>

Lummis Goes Solo: Wyoming Senator Unveils Crypto-Tax Overhaul After Budget-Bill Snub

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