Crypto Events
By Steven Anderson
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U.S. Senator Cynthia Lummis has introduced a bold amendment aimed at reshaping how cryptocurrency is taxed in the United States, offering long-awaited relief for Bitcoin miners,…
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Currently, crypto users in the U.S. face a complicated and often burdensome tax system. Under current IRS rules, cryptocurrency mining, staking, and even receiving payments in…
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Senator Lummis has called this model unfair and outdated. “For years, miners and stakers have been taxed TWICE—once when they receive block rewards, and again when they sell it,”…
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The proposal has received strong support from major voices in the crypto industry. Michael Saylor, executive chairman of MicroStrategy and a prominent advocate for corporate…
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Crypto advocacy groups are also rallying behind the amendment. Coinbase-linked “Stand With Crypto” issued a statement calling for equal treatment of digital assets and cash,…
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Senator Lummis has long been a champion of pro-crypto legislation. In May, she opposed Biden-era tax proposals that would have imposed obligations on crypto firms regardless of…
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It’s important to note that the Lummis amendment is not yet law. It must first be approved as part of the broader OBBB reconciliation bill.
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As the Senate prepares for a final vote, crypto stakeholders across the country are watching closely.
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