US EditionUS Senator Lummis’s Crypto Tax Relief Plan Fuels DeFi Momentum: Finance Redefined
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Senator Lummis’s Crypto Bill May End Double Taxation - Data Intelligence
US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three weeks after the Guiding and Establishing National Innovation for US Stabl…
CoinStats - Senator Lummis Introduces New Crypto Tax Bill...
Senator Cynthia Lummis has introduced a crypto tax bill that exempts capital gains of $300 or less and has a $5,000 annual exemption cap. The US Senator has introduced the bill to address what she believes is the unfair treatment of crypto traders. Lummis said that her tax bill will allow US citizens to engage with the crypto economy without inadvertently accruing a tax bill. Lummis justifies the viability of her bill by stating that the Congres…
Senator Lummis’s Crypto Bill May End Double Taxation
The post Senator Lummis’s Crypto Bill May End Double Taxation appeared on BitcoinEthereumNews.com. US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft…
Senator Lummis’s Crypto Bill May End Double Taxation - Invest In Crypto News
US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three weeks after the Guiding and Establishing National Innovation for US Stabl…
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