Cynthia Lummis slams 'flawed' tax rules

The Unworkable Law: Why a 2021 Rule Is Causing a Tax Nightmare for the Crypto Industry

Lummis seeks urgent crypto tax reform to prevent double taxation on miners and DeFi users. 2021 law’s “broker” definition draws criticism for demanding unreachable user data. Congress weighs crypto bills as Lummis pushes for reconciliation to ease compliance rules. U.S. Senator Cynthia Lummis is urging Congress to revise current tax policies affecting Bitcoin and other digital assets, warning that the existing framework imposes unfair burdens on…

Crypto Queen Senator Lummis Says Unfair Tax Laws Threaten Bitcoin

The post Crypto Queen Senator Lummis Says Unfair Tax Laws Threaten Bitcoin appeared first on Coinpedia Fintech News Senator Cynthia Lummis is on a mission to change the unfair crypto tax rules in the U.S. She believes that Bitcoin miners and DeFi users are getting a raw deal under the current system. Lummis says the tax rules are old and don’t work for the fast-growing world of digital assets. Let’s take a closer look at what’s going on and how …

Senator Lummis Pushes for Fairer Crypto Tax Regulations

Lummis calls current crypto taxation rules unfair, targeting assets like Bitcoin. She urges simplification to reduce compliance costs and prevent double taxation. Continue Reading:Senator Lummis Pushes for Fairer Crypto Tax Regulations The post Senator Lummis Pushes for Fairer Crypto Tax Regulations...

Senator Lummis Says Bitcoin Is Unfairly Targeted By Flawed Tax Rules

U.S. Senator Cynthia Lummis is pushing for revisions to existing crypto tax regulations, citing the unfair treatment of Bitcoin and other digital assets. Bitcoin miners are among the hardest hit, with current rules potentially leading to double taxation and steep compliance requirements. Flawed Tax Rules Are Hurting Bitcoin, Says Senator Cynthia Lummis In a post The post Senator Lummis Says Bitcoin Is Unfairly Targeted By Flawed Tax Rules appear…

Cynthia Lummis slams 'flawed' tax rules

Sen. Cynthia Lummis (R-WY) talks crypto taxes in latest post. Sen. Cynthia Lummis (R-WY) thinks crypto assets, including Bitcoin, are being unfairly …