Senator Lummis Proposes Bitcoin Tax Reform to Boost Industry Growth

Senator Cynthia Lummis has called for changes to the tax laws governing Bitcoin at the 2025 Bitcoin Conference, emphasizing the need for more practical and accessible use of cryptocurrency in the U.S., aiming to boost industry growth despite existing regulatory challenges. Senator Lummis’s proposals highlight a push for simpler tax frameworks that would ease transaction barriers and potentially stimulate broader adoption of Bitcoin. ]