US EditionSenator Lummis seeks to end taxes on small Bitcoin payments
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Lawmaker’s Proposal Aims to Make Small Bitcoin Buys Tax-Free in US
Sen. Cynthia Lummis said she is drafting legislation to exempt small bitcoin transactions from capital gains taxes, responding to a suggestion from tech entrepreneur Jack Dorsey. Sen. Lummis Works on De Minimis Rule for Bitcoin Transactions The Wyoming Republican, Sen. Cynthia Lummis, a vocal cryptocurrency advocate, announced the effort on Oct. 9, 2025, aiming to […]
u.s. Senator Drives Tax Exemption to Facilitate Daily Transactions with Bitcoin - Crypto Economy Esp
Key points of the news Senator Cynthia Lummis of Wyoming proposes a law that exempts small payments from taxes in Bitcoin, seeking to simplify the daily use of cryptocurrencies. The initiative could reduce the burden of tax reports for minor transactions and encourage retail adoption. It also aligns with its goal of integrating Bitcoin into the US economy, as well as paving the way for its Bitcoin Strategic Reserve initiative, which could start …
U.S. Senator Proposes Tax Relief for Everyday Bitcoin Use
The Wyoming lawmaker is preparing legislation that would exempt small Bitcoin payments from taxation – a move that could redefine how Americans interact with cryptocurrency. For years, the IRS has treated digital assets as property rather than currency. This classification means that even trivial Bitcoin purchases, like buying lunch or tipping a barista, create taxable events subject to capital gains reporting. Lummis wants to change that by cre…
US Senator Working On De Minimis Tax Exemption For Small Bitcoin Transactions
Wyoming Senator Cynthia Lummis revealed that she is working on a bill that would introduce a de minimis tax exemption for small Bitcoin transactions, following the suggestion of Jack Dorsey. Senator Cynthia Lummis from the Republican Party recently gave the public a sneak peek at her next big move on Bitcoin (BTC). The Wyoming politician revealed on Thursday that she is working on a de minimis tax exemption on the premier crypto asset. Working …
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Bitcoin Ethereum NewsSenator Lummis seeks to end taxes on small Bitcoin payments
U.S. Senator Cynthia Lummis is pushing to eliminate taxes on small Bitcoin transactions, a move aimed at reshaping how the Internal Revenue Service (IRS) treats everyday crypto spending. Currently, the IRS classifies cryptocurrency as property, meaning each transaction, no matter how small, could tr...
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