Senator Lummis Calls for Crypto Tax Reform, Sees Impact on Miners and DeFi Users

Senator Cynthia Lummis is advocating for significant changes to the U.S.’s tax system concerning cryptocurrency. She argues that outdated rules are hindering innovation in the crypto industry, impacting both miners and decentralized finance (DeFi) users alike. Lummis contends these regulations fail to address the complexities of digital assets and create unnecessary burdens on businesses.