Close Menu
Cryprovideos
    What's Hot

    Altcoin Season Alerts Strengthen as Institutional Flows Speed up

    July 22, 2025

    Decentraland (MANA): the worth rises once more by 42%

    July 22, 2025

    Bitcoin Holders Are Taking Income—However Is the Prime Nonetheless Far Away?

    July 22, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Lummis Drafting Digital Asset Tax Modification – Bitbo
    Lummis Drafting Digital Asset Tax Modification – Bitbo
    Markets

    Lummis Drafting Digital Asset Tax Modification – Bitbo

    By Crypto EditorJune 30, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Lummis Drafting Digital Asset Tax Modification – Bitbo

    Key Takeaways

    • Senator Cynthia Lummis is drafting a brand new modification to guard Bitcoin customers from tax penalties.
    • The modification is tied to the Oversight of Construct Again Higher (OBBB) framework.
    • No particular particulars have been launched but on what the modification will embody.

    Senator Cynthia Lummis revealed she is engaged on a brand new modification designed to guard People who use Bitcoin and different digital property from tax-related penalties.

    The announcement, shared by way of social media, signifies the modification will likely be added to ongoing legislative efforts related to the Oversight of Construct Again Higher (OBBB) framework.

    Assertion from Senator Lummis

    Lummis posted:

    America leads in monetary innovation, and because of President Trump, we’re maintaining it that manner! I’m engaged on an OBBB modification to make sure People can use digital property with out worry of tax violations.

    America leads in monetary innovation, and because of President Trump, we’re maintaining it that manner! 🇺🇸 I’m engaged on an OBBB modification to make sure People can use digital property with out worry of tax violations. Extra to return quickly!

    — Senator Cynthia Lummis (@SenLummis) June 30, 2025

    Particulars & legislative context

    Whereas the precise particulars of the modification stay undisclosed, her assertion suggests a broader effort to protect on a regular basis Bitcoin customers from complicated or punitive tax guidelines.

    The transfer comes because the Senate prepares to vote on a separate modification that might exempt Bitcoin funds underneath $600 from capital good points tax reporting necessities.

    Advocacy & legislative focus

    David Bailey, a vocal Bitcoin advocate, has urged supporters to contact their senators about this vote, which might happen as early as tonight.

    Although Lummis’s modification is distinct, it provides to a wave of legislative concentrate on lowering tax friction for Bitcoin customers.

    Timeline for introduction

    No timeline has been supplied for when her proposed modification will likely be formally launched or debated.

    Bitbo Dashboard → / Authentic Article

    Get extra information like this

    Twice-weekly Bitcoin-only e-newsletter by Bitbo.





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Decentraland (MANA): the worth rises once more by 42%

    July 22, 2025

    Roman Storm's protection hints at mistrial after brokers fail to hint funds stolen from witness to Twister Money

    July 22, 2025

    DYDX Worth Holds Above $0.67 Regardless of 4.6% Drop as Community Upgrades Present Technical Energy

    July 22, 2025

    Bitget Launches TAUSDT Perpetual Futures with As much as 50x Leverage and Buying and selling Bot Assist | UseTheBitcoin

    July 22, 2025
    Latest Posts

    Bitcoin Holders Are Taking Income—However Is the Prime Nonetheless Far Away?

    July 22, 2025

    Breaking: JPMorgan Eyes Bitcoin-Backed Loans in Main U-Flip

    July 22, 2025

    Ether Machine founder claims ETH outperformed BTC over previous 10 years

    July 22, 2025

    Technique Provides 6,220 BTC, Pushing Whole Holdings Previous 607,000

    July 22, 2025

    Bitcoin Reserves On Exchanges Hit Highest Stage Since June 25 – Is BTC In Hazard?

    July 22, 2025

    Grupo Murano’s $1B Bitcoin Wager: A New Period For Actual Property

    July 22, 2025

    BTC Digital Expands Ethereum Reserve, Now Holds Over 2,000 ETH

    July 22, 2025

    Trump Media Holds $2B in Bitcoin as Crypto Plan Expands 

    July 22, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    From Dogecoin and Shiba Inu To New Crypto Presale Doge Rebellion. Greatest Meme Cash To Purchase! | Reside Bitcoin Information

    March 5, 2025

    The Yr in Dogecoin: Elon Musk's Favourite Crypto Makes a Comeback – Decrypt

    December 27, 2024

    Crypto Taking part in ‘Rising Function’ in Crime Throughout Western Balkans: NGO – Decrypt

    May 15, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.