According to crypto journalist Eleanor Terrett, after more than 24 hours in the US Senate amendment process, Senator Cynthia Lummis (the author of the Bitcoin Reserve Act) has yet to see any signs of passage of the cryptocurrency tax proposal, and the time window for submitting the proposal to the Senate for discussion may have closed or missed the opportunity.
Previously, US Senator Lummis proposed to include tax exemptions for small crypto transactions in the "Beautiful Big Act", including provisions for tax exemptions for small crypto transactions (less than $300), and in the industry's view, this will rationalize the current practice of taxing both the beginning and the end of the core activities of cryptocurrencies - pledge and digital asset mining.
Analysis: Tax exemptions for small-value crypto transactions still show no signs of passing, or opportunities have been missed
2025-07-01 17:59:47
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