Senator Lummis’ Tax Reform for Bitcoin Strengthening in the US, Here Are the Details!
Jakarta, Pintu News – Senator Lummis has once again shown his strong support for the crypto industry by proposing a tax reform aimed at protecting industry players from double taxation.
With the support of President Trump, Senator Lummis seeks to ensure the United States remains a leader in global financial innovation.
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Senator Lummis Proposes Protection from Double Taxation
In a series of posts on X, Senator Lummis revealed his plan to protect digital asset users from tax rules that are considered unfair. According to him, America must continue to move forward as a global leader in crypto.
This move comes following a court decision that rejected an IRS request for Coinbase user data. Senator Lummis is working on an amendment to the One Big Beautiful Bill (OBBB), which would allow Americans to use digital assets without worrying about unexpected tax violations.
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Efforts to Make the US a Global Crypto Leader
By removing this burden, Senator Lummis believes that America can become a major Bitcoin (BTC) and crypto power in the world. This is in line with his long-term push for clear and fair crypto rules.
The proposal is expected to make it easier for more people to get involved in crypto without worrying about a hefty tax bill. Supporters say this will encourage innovation and make the US more attractive to blockchain startups.
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Strong Support from the Crypto Community
Senator Lummis has been one of the most vocal crypto advocates in Congress. He often discusses the importance of Bitcoin (BTC) and digital assets in his interviews and public speeches.
Michael Saylor, a well-known Bitcoin supporter, also responded positively to Senator Lummis’ post. In his post on X, Saylor supported the call to end unfair taxes, saying it is necessary if America wants to lead as a Bitcoin superpower.
Conclusion
Senator Lummis’ initiative marks an important step in the effort to consolidate America’s position as a global crypto powerhouse. By clarifying and improving the tax framework for crypto, the United States will not only strengthen its digital economy but also position itself as a leader in future financial innovation.
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Reference
- Coingape. Senator Lummis Proposes Tax Reform for Bitcoin Miners. Accessed on July 1, 2025
- Featured Image: CNBC