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by: xpoolPosted on: June 12, 2025

Senator Lummis Proposes Crypto Tax Overhaul to Benefit Miners and Developers

Senator Cynthia Lummis has introduced the BITCOIN Act of 2025, aiming to modify current tax regulations affecting the cryptocurrency industry. This proposed legislation targets miners and developers, seeking to ease burdensome taxes levied on these segments. The Act’s introduction reflects a shift towards more tailored regulation for cryptocurrencies.

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