Senator Lummis Proposes Simplified Bitcoin Transactions for Everyday Purchases

U.S. Senator Cynthia Lummis is pushing for a significant change to the way Bitcoin transactions are treated for daily purchases. She’s advocating for a de minimis tax exemption, eliminating reporting requirements for small Bitcoin payments used in everyday activities like buying coffee or groceries. This proposal aims to boost crypto adoption by simplifying the process and allowing Americans to use Bitcoin for familiar transactions with greater ease.