{"id":35097,"date":"2025-07-03T17:46:35","date_gmt":"2025-07-03T17:46:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35097"},"modified":"2025-07-03T17:46:35","modified_gmt":"2025-07-03T17:46:35","slug":"crypto-tax-loopholes-closing-a-look-inside-bitcoin-senator-lummis-new-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35097","title":{"rendered":"Crypto Tax Loopholes Closing? A Look Inside &#8216;Bitcoin Senator&#8217; Lummis&#8217; New Bill"},"content":{"rendered":"<div>\n<p>Senator <strong>Cynthia Lummis<\/strong> (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46227149\/every-new-trillion-of-debt-in-trumps-big-beautiful-bill-is-free-adertising-for-bitcoin-expert-states\">regulatory burdens on digital asset users.<\/a><\/p>\n<p><strong>What Happened: <\/strong>The legislation, <a href=\"https:\/\/www.lummis.senate.gov\/press-releases\/lummis-unveils-digital-asset-tax-legislation\/\">unveiled<\/a> on July 3, proposes to resolve several long-standing tax complications in the crypto sector, including a $300 de minimis exemption for small transactions, more practical tax treatment for mining and staking, and bringing parity between digital assets and traditional financial instruments.<\/p>\n<p>&#8220;In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset users,&#8221; Lummis said in a statement. <\/p>\n<p>She described the bill as fully paid for, designed to cut through &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/07\/46251827\/crypto-tax-loopholes-closing-a-look-inside-bitcoin-senator-lummis-new-bill\" alt=\"Crypto\" tax loopholes closing a look inside senator lummis new bill>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory burdens on digital asset users. What Happened: The legislation, unveiled on July 3, proposes to resolve several long-standing tax complications in the crypto sector, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35097","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35097"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35097\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}