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US Senator Lummis: Senate is making progress on crypto tax rules

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2025-09-30 19:29:30
Cryptocurrency advocate Senator Cynthia Lummis said the Senate Finance Committee is making progress on legislation on how to tax digital assets.
Speaking at BTC in DC in Washington DC on Tuesday, the crypto-friendly Wyoming Republican said: "I understand that the Senate Finance Committee is working on a draft of 10 items, nine of which we proposed, plus one, so I think we're making progress on that."
Previously, in July, Cynthia Lummis introduced legislation aimed at modernizing the tax treatment of digital assets, including a minimum clause that would exclude gains or losses from crypto transactions under $300 from taxation, and declare that digital asset lending is not a taxable event, among other measures.
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