<ul data-eligibleForWebStory="false"><li>US Senator Cynthia Lummis introduces new legislation to overhaul how digital assets are taxed in the US, aiming to eliminate burdens on users and businesses.</li><li>The bill includes provisions to exempt crypto transactions under US$300 from taxation, remove double taxation on mining and staking rewards, and clarify that crypto lending and digital asset donations are not taxable events.</li><li>The proposed legislation seeks to modernize the Internal Revenue Code of 1986 and encourage broader participation in decentralized finance and philanthropy.</li><li>Senator Lummis is seeking public feedback to expedite the bill's passage through Congress.</li></ul>

Lummis’s Crypto Comeback: New Bill Aims to End ‘Archaic’ Tax Hits on Miners, Stakers and Small Trades

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