
Eleanor Terrett|Jul 03, 2025 16:10
🚨NEW: @SenLummis has introduced her digital asset tax legislation that she was hoping to get into the OBBB as an amendment.
Provisions include:
💰300 de minimis exemption (you won’t owe taxes on small personal transactions)
⛏️Ends double taxation for miners & stakers
📈Tax parity for lending, wash sales, mark-to-market (treats crypto like stocks)
✍🏼No appraisal needed for crypto donations
Now that the OBBB has passed, it’s unclear where this bill might fit in. But it could be attached to a broader package down the line, since passing it as a standalone would likely be an uphill battle.
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