<ul data-eligibleForWebStory="false"><li>Senator Cynthia Lummis introduces a crypto tax bill that exempts capital gains below $300 and has a $5,000 annual exemption cap.</li><li>The bill aims to address the unfair treatment of crypto traders and allow US citizens to engage with the crypto economy without incurring a tax bill.</li><li>The Congressional Joint Committee on Taxation estimates the bill will generate $600 million by 2035, reflecting how cryptocurrencies are used in the real world.</li><li>The bill, if passed, could provide significant tax relief for American crypto traders and potentially boost the crypto industry's growth in the US.</li></ul>

Senator Lummis Introduces New Crypto Tax Bill With a $300 Tax-Free Threshold

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