TechFlow, July 3 — According to the office website of U.S. Senator Cynthia Lummis, Senator Lummis has introduced a comprehensive digital asset tax bill aimed at establishing a clear tax framework for the digital asset industry.
The bill includes several key provisions: a $300 de minimis exemption for small transactions, ending double taxation on digital asset miners and stakers, parity with other financial assets (covering digital asset lending, wash sales, and mark-to-market treatment), and eliminating appraisal requirements for charitable donations.
The U.S. Congressional Joint Committee on Taxation estimates the bill would generate approximately $600 million in net revenue over the 2025–2034 budget window. Lummis stated that the bill aims to modernize the tax code for the digital economy and prevent hindering American innovation.
