<ul data-eligibleForWebStory="false"><li>U.S. Senator Cynthia Lummis has introduced comprehensive digital asset tax legislation aiming to boost Bitcoin and other cryptocurrencies.</li><li>The legislation includes measures to streamline tax rules, support Bitcoin innovation, and eliminate bureaucratic obstacles.</li><li>Key provisions of the bill include a de minimis exemption, aligning tax treatment for crypto lending with traditional securities, and deferring taxation on mining and staking.</li><li>The legislation is estimated to generate around $600 million in net revenue during the 2025-2034 budget window and encourages public input for further refinement.</li></ul>

Senator Lummis Introduces Digital Asset Tax Legislation

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