Post
Topic
Board Economics
Re: Senator Lummis Submits New bills on Crypto Taxes
by
Zlantann
on 16/07/2025, 12:24:39 UTC
She believes this will help promote innovation, reduce bureaucratic hurdles and clarify the obligations of tax payers for digital assets.
These changes when implemented will help maintain the US Competitive edge in digital economy.


If this bill is passed, it will encourage people to use crypto for small transactions, and it can also attract more crypto businesses to the United States. But I doubt if this bill will be passed without amendments. The country needs to raise more money from taxes; the exemption of businesses from tax might reduce the government's income. Senator Cynthia Lummis has been doing a great job in the US Senate, where she has been pushing for friendly crypto laws. The beauty of the provisions of this law is that it will make some complicated crypto laws simple.