Senator Lummis Introduces Digital Asset Tax Legislation
Bitcoin Magazine Senator Lummis Introduces Digital Asset Tax Legislation The bill proposes a $300 exemption for small Bitcoin and crypto transactions, defers taxes on mining and staking until assets are sold. This post Senator Lummis Introduces Digital Asset Tax Legislation first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
Bitcoin Magazine
Senator Lummis Introduces Digital Asset Tax Legislation
Today, U.S. Senator Cynthia Lummis (R-WY) has introduced a comprehensive digital asset tax legislation that could significantly boost the use of Bitcoin and other cryptocurrencies by cutting the bureaucratic red tape, modernising outdated tax rules, and supporting Bitcoin and crypto innovation.
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