Senator Lummis pushes tax break for small Bitcoin payments. Could it unlock everyday adoption?

On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.” The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never manag...

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Senator Lummis pushes tax break for small Bitcoin payments. Could it unlock everyday adoption?

Source: CryptoSlate

On Capitol Hill, Senator Cynthia Lummis wants to make Bitcoin “everyday money.” The Wyoming Republican is quietly drafting legislation that could do what years of evangelism never managed: make buying coffee with Bitcoin practical again. Her proposal, a de minimis tax exemption for small crypto transactions, would let Americans spend a few hundred dollars’ worth […]