Senator Lummis Pushes Tax Plan to Boost Bitcoin Payments

99BitcoinsFriday, October 10, 2025 at 1:32:00 AM
Senator Lummis Pushes Tax Plan to Boost Bitcoin Payments
Senator Cynthia Lummis is advocating for a new tax proposal that could simplify Bitcoin transactions, making it as easy as using a debit card. Her plan includes a de minimis tax exemption, which would eliminate the need for capital gains reporting on small Bitcoin purchases. This change could encourage more people to use Bitcoin for everyday expenses like coffee and groceries, potentially boosting its adoption and normalizing cryptocurrency in daily life.
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