US Senator Lummis: Amending the "Big and Beautiful" Act to Eliminate Digital Asset Tax Violations

Senator Cynthia Lummis wrote on the X platform: "The United States is a leader in financial innovation, thanks to President Trump for keeping the United States in this position, and is currently working on amendments to the'Big and Beautiful 'Act to ensure that Americans can use digital assets with peace of mind without fear of tax violations."
According to market analysis, amendments to Cynthia Lummis' "Big and Beautiful" bill could exempt bitcoin payments from capital gains taxes.