<ul data-eligibleForWebStory="true"><li>Senator Cynthia Lummis is proposing a significant crypto tax measure to reshape how the US taxes cryptocurrency.</li><li>The amendment aims to end 'double taxation' on staking/mining rewards by taxing them only when sold and waiving taxes on small transactions below $300.</li><li>Lummis's provision would treat assets gained from staking, mining, airdrops, and network forks similarly, taxing them only upon sale.</li><li>The fate of the proposed crypto tax amendment and the broader budget bill remains uncertain as lawmakers navigate political and fiscal challenges.</li></ul>

Senator Lummis proposes crypto tax amendment to major US budget bill

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