• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Senator Lummis Advocates to End Crypto Double Taxation

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Key Points:

  • Senator Lummis pushes for crypto tax amendments in the U.S.
  • Focus on ending double tax for miners.
  • Proposal may increase crypto market participation.

senator-lummis-advocates-to-end-crypto-double-taxation
Senator Lummis Advocates to End Crypto Double Taxation

Amendment Proposal

The amendment proposes to eliminate double taxation faced by crypto miners and stakers. For years, miners and stakers have faced double taxation, getting taxed both when they earn block rewards and again when they sell. Tax relief for small transactions aims to increase participation. The proposal is part of broader budget discussions in Congress.

Senator Lummis has long advocated for crypto-friendly policy changes. Her latest move aims to encourage U.S. competitiveness, aligning with industry calls for greater regulatory clarity and economic incentives for digital assets.

Related articles

Bitget Introduces AI Trading Assistant GetAgent

July 2, 2025

Best Crypto Projects to Explore in 2025: BlockDAG, Cronos, Filecoin, & Litecoin

July 2, 2025

Ending such tax burdens is expected to enhance the operational environment for crypto firms. This could lead to increased economic activity and innovation within the industry, benefiting local markets and stakeholders.

Amending the current tax treatment for miners and stakers could spur institutional interest in U.S.-compliant financial products. This aligns with Lummis’s aim to propel the U.S. market to a leading position globally.

A shift towards favorable crypto tax policies may result in higher transaction volumes and participation rates. This might further reinforce the U.S. as a hub for crypto innovation. Senator Lummis weighs in on cryptocurrency and regulations aligning with the push for economic change.

Potential outcomes include heightened market activity, growth in staking networks, and an uptick in liquidity. These changes could be supported by historical trends observing regulatory de-risking, which often boosts industry confidence and participation.

Share76Tweet47

Related Posts

Bitget Introduces AI Trading Assistant GetAgent

by shark
July 2, 2025
0

Explore Bitget's launch of GetAgent, an AI-powered trading assistant aimed at revolutionizing crypto trading with enhanced insights and user-led decisions.

Bitcoin Leads Crypto Inflows Amid 11-Week Fund Surge

by shark
July 2, 2025
0

Bitcoin captures the majority of cryptocurrency inflows, reflecting strong institutional interest as digital assets enjoy their eleventh consecutive week of...

Backed’s xStocks Trading Volume Surges with Bybit and Kraken Support

by shark
July 1, 2025
0

Backed's xStocks tokenized stocks reach $1.338 million trading volume after listing on Bybit and Kraken.

First US Solana Staking ETF Set to Launch

by shark
July 1, 2025
0

The first US Solana staking ETF, launched by REX Shares and Osprey Funds, will commence trading on July 2, 2025.

Trump Threatens to Halt Subsidies to Elon Musk

by shark
July 1, 2025
0

President Donald Trump condemned Elon Musk, announcing potential cuts to governmental subsidies for Musk’s companies in Washington, D.C., creating ripples...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitget Introduces AI Trading Assistant GetAgent
  • Best Crypto Projects to Explore in 2025: BlockDAG, Cronos, Filecoin, & Litecoin
  • Top New Meme Coins to Invest in Now with 1805% ROI Potential
  • Bitcoin Leads Crypto Inflows Amid 11-Week Fund Surge
  • Qubetics, Ethereum, and Tezos: Best Crypto to Buy for July 2025 with Massive Upside
  • Backed’s xStocks Trading Volume Surges with Bybit and Kraken Support
  • First US Solana Staking ETF Set to Launch
  • Trump Threatens to Halt Subsidies to Elon Musk
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7