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Key Takeaways

Senator Cynthia Lummis revealed she is engaged on a brand new modification designed to guard People who use Bitcoin and different digital property from tax-related penalties.

The announcement, shared by way of social media, signifies the modification will likely be added to ongoing legislative efforts related to the Oversight of Construct Again Higher (OBBB) framework.

Assertion from Senator Lummis

Lummis posted:

America leads in monetary innovation, and because of President Trump, we’re maintaining it that manner! I’m engaged on an OBBB modification to make sure People can use digital property with out worry of tax violations.

America leads in monetary innovation, and because of President Trump, we’re maintaining it that manner! 🇺🇸 I’m engaged on an OBBB modification to make sure People can use digital property with out worry of tax violations. Extra to return quickly!

— Senator Cynthia Lummis (@SenLummis) June 30, 2025

Particulars & legislative context

Whereas the precise particulars of the modification stay undisclosed, her assertion suggests a broader effort to protect on a regular basis Bitcoin customers from complicated or punitive tax guidelines.

The transfer comes because the Senate prepares to vote on a separate modification that might exempt Bitcoin funds underneath $600 from capital good points tax reporting necessities.

Advocacy & legislative focus

David Bailey, a vocal Bitcoin advocate, has urged supporters to contact their senators about this vote, which might happen as early as tonight.

Although Lummis’s modification is distinct, it provides to a wave of legislative concentrate on lowering tax friction for Bitcoin customers.

Timeline for introduction

No timeline has been supplied for when her proposed modification will likely be formally launched or debated.

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