<ul data-eligibleForWebStory="true"><li>Senator Lummis is advocating to eliminate double taxation on block rewards for digital asset holders to stop unfair tax treatment in crypto transactions.</li><li>Advocacy groups like the Bitcoin Policy Institute are lobbying for exemptions from capital gains tax on small crypto transactions to boost adoption and simplify tax calculations.</li><li>Industry leaders and advocacy groups view the proposed tax changes as a way to align crypto taxation with traditional asset taxation, promoting innovation and compliance.</li><li>The legislation's details are yet to be revealed, leaving uncertainty on whether the tax changes will be combined or presented as separate proposals in the Senate.</li></ul>

Senator Lummis Pushes for Crypto Tax Fix in Sweeping Legislation

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