Senator Lummis’ Tax Reform for Bitcoin Strengthening in the US, Here Are the Details!

Array

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.

Check out the full information here!

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.

Read also: Will Staking on Ethereum ETFs Be Approved? SEC Seeks Public Opinion

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.

Read also: Circle Seeks US Trust Bank License, What’s the Impact?

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.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

Array