I just came across this news today!
The senator who has been in forefront of advocating for bitcoin strategic reserve and better crypto policies.
She has once again introduced a new bill that should update the tax code on digital assets. This happened after the federal budget was passed without a single mention of cryptocurrencies.
Key Focuses of the document:
1. Exemption of Tax for Small Transactions: transactions below $300 will be tax free with a yearly maximum of $5000
2. Deferral of taxes of mining and staking until the moment of assets sale. This addresses the issue of double taxation.
3. Tax Exemptions for crypto loans and charitable contributions in digital assets.


https://coingape.com/lummis-bill-simplifies-crypto-tax-compliance/