Your Resource for Government on Crypto
07.01.2025
Sen. Lummis Proposes OBBBA Amendment to Prevent Crypto Double Taxing
Sen. Cynthia Lummis (R-WY) criticized “unfair tax treatment” toward crypto miners and stakers in a post on X, arguing that they must stop being taxed twice in order to make the US the world leader in crypto. She explained that miners and stakers are taxed once when they receive block awards, and again when they sell it. She added in another post that she is working on an amendment to the One Big Beautiful Bill Act (OBBBA) to “ensure Americans can use digital assets without fear of tax violations.”