<ul data-eligibleForWebStory="false"><li>US Senator Cynthia Lummis has introduced a pro-crypto tax reform bill to overhaul the digital asset taxation regime in the United States.</li><li>The bill includes a de minimis exemption that would exclude crypto transactions of capital gains of $300 or less from taxation, with a yearly limit of $5,000.</li><li>Senator Lummis aims to exempt crypto lending agreements and charitable donations made in digital assets from tax, while proposing to tax mining and staking rewards only upon sale.</li><li>Lummis emphasizes that the legislation is designed to simplify regulations in line with the digital economy's operations and encourage innovation-friendly legislation in the U.S.</li></ul>

US Senator Cynthia Lummis Introduces Pro-Crypto Tax Reform Bill

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