Post
Topic
Board Economics
Re: Senator Lummis Submits New bills on Crypto Taxes
by
IceLincoln
on 17/07/2025, 23:53:29 UTC
Update: The White House Press Secretary Karoline Leavitt said the Trump administration is looking into a de minimis tax exemption for Bitcoin transactions under $600. An additional $300 to the one proposed by senator Lummis. The crypto loving President has once again shown his support for the crypto community and this will help foster more crypto related bills and make it easier for Americans to use bitcoin and other crypto on a day to day basis.
Three major bills were passed this Thursday 17th July, the GENiUS Act, the CLARITY Act, and the Anti-Surveillance State Act, a major legislative win for crypto.
You can read more on this; https://www.cryptopolitan.com/trump-supports-a-de-minimis-tax-for-bitcoin/

Mr. President is really keeping to his promise.