Bitcoin Magazine Senator Lummis’ New Bill Enables Tax-Exempt Bitcoin Spending — But Thresholds Are Too Low Today, Senator Lummis unveiled a bill that would enable U.S. citizens to spend up to $300 worth of bitcoin on goods and services, with a yearly cap of $5,000, without having to pay capital gains taxes on the transactions. […]
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As the upper chamber of the US Congress prepares its version of a market structure framework, Republican Senator Cynthia Lummis recently told CNBC that she hopes the Senate and House of Representatives can soon find a path to pass both crypto bills
Sen. Lummis Says Crypto Legal Framework Must Pass Soon Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure At the Bitcoin 2025 conference in Las Vegas on Tuesday, Senator Cynthia Lummis, a staunch advocate for BTC and cryptocurrencies, announced that President Donald Trump supports the upcoming Bitcoin Act, which aims to facilitate the purchase of 1 million BTC and is
Bitcoin Magazine Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt In a powerful address on Capitol Hill today, Senator Cynthia Lummis made her stance clear: the United States is out of time—and out of traditional options. “The BITCOIN Act is the only solution to our nation’s $36T debt,” she said,
Senator Lummis Says Trump Supports Her BITCOIN Act That Could Erase U.S. Debt Read More »
