<ul data-eligibleForWebStory="false"><li>Senator Lummis introduced a bill allowing U.S. citizens to spend up to $300 worth of bitcoin on goods and services annually without paying capital gains taxes.</li><li>There is a yearly cap of $5,000 on tax-exempt bitcoin spending with adjustments for inflation starting in 2026.</li><li>Critics argue that the thresholds for tax-exempt bitcoin spending are too low and propose removing caps while maintaining purchases for goods and services.</li><li>Despite some dissatisfaction with the bill's limits, there is an acknowledgment of Senator Lummis' effort to promote legislation for tax reform related to bitcoin spending.</li></ul>

Senator Lummis’ New Bill Enables Tax-Exempt Bitcoin Spending — But Thresholds Are Too Low

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