Senator Lummis introduces sweeping crypto tax reform bill to ease digital asset burdens

4-7-2025 – Senator Cynthia Lummis has filed comprehensive cryptocurrency tax legislation aimed at eliminating what she describes as “outdated” rules that penalize digital asset users and blockchain participants. The bill’s centerpiece establishes a $300 transaction threshold for tax-free crypto payments, allowing users to purchase goods and services without triggering reporting requirements. Annual tax-free gains would [. source: https://www.cointrackdaily.com/senator-lummis-introduces-sweeping-crypto-tax-reform-bill-to-ease-digital-asset-burdens/