US EditionCrypto Tax Proposal That Didn't Make It to Trump's Budget Bill Pushed on Its Own
- In 2025, Senator Cynthia Lummis proposed legislation that would exempt cryptocurrency transactions below $300 from taxation and eliminate the issue of double taxation faced by miners and stakers.
- This legislation arose amid efforts to modernize tax codes and respond to a more crypto-friendly administration pushing for common-sense digital asset rules.
- The bill aims to align tax treatments for digital assets with those of conventional financial assets, includes exemptions for charitable contributions, and invites public feedback to help finalize the legislative proposal.
- An analysis projects that the bill could bring in around $600 million in net revenue from 2025 through 2034, making it a fully funded and innovative piece of legislation.
- If enacted, the legislation could streamline regulatory requirements, promote American innovation, and allow wider engagement in the digital marketplace while minimizing unintentional tax compliance issues.
46 Articles
46 Articles
Ex-Tri-Cities pastor accused of $5.9M crypto fraud called ‘serious danger’ to community
The former pastor of a Pasco church is back in jail after accusations he committed fraud and tampered with witnesses while awaiting trial in a multimillion dollar cryptocurrency fraud case in federal court.Francier Obando Pinillo, the owner and pastor of Tiempo de Poder Church in Pasco, is accused of contacting alleged victims in the case and of fraudulently soliciting funds for a fake orphanage through Facebook, according to Assistant U.S. Atto…
Crypto Scam Impersonates Trump-Vance Inaugural Committee
“Fraudsters are attracted to valuable cryptocurrency wallets like moths to a flame, and if an individual or entity is investing in crypto, they need to stay up to date on best practices for keeping those assets secure," said Jared Lenow, a partner at Friedman Kaplan Seiler Adelman & Robbins.
From shaky to robust, 6 months of Donald Trump’s second presidency revive his business fortunes
President Donald Trump has profited from the presidency like no one else in American history as the difference between the personal and the professional has ceased to exist. Nearly two-thirds of his $11 billion net worth has come from cryptocurrency ventures in past six months alone.
Trump inflates wealth with $930 million move
President Donald Trump has added at least $620 million ($A930m) to his fortune in a matter of months through a series of cryptocurrency ventures, according to the Bloomberg Billionaires Index — a dramatic and fast-moving shift in how the president and his family are generating wealth.
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