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Senator Lummis Urges US to Eliminate Crypto Taxes

Senator Lummis Urges US to Eliminate Crypto Taxes

CoinomediaCoinomedia2025/12/05 11:36
By:Ava NakamuraAva Nakamura

Senator Lummis pushes for eliminating taxes on Bitcoin and crypto, aiming to boost US innovation and digital freedom.Why Tax-Free Crypto Could MatterWhat’s Next for Crypto Policy?

  • Senator Lummis calls for zero taxes on Bitcoin and crypto.
  • She argues this would support innovation and financial freedom.
  • The proposal could reshape US crypto policy direction.

US Senator Cynthia Lummis is making waves in the digital finance world with a bold proposal: eliminate taxes on Bitcoin and other cryptocurrencies. Her recent comments reflect a growing sentiment among some lawmakers who believe the United States must change its approach to digital assets to remain competitive on the global stage.

Lummis, a long-time supporter of Bitcoin, argues that removing tax barriers will not only encourage innovation but also protect individual financial freedom. She believes that cryptocurrency represents a form of economic empowerment and that government overreach through taxation could stifle its potential.

Why Tax-Free Crypto Could Matter

The US currently treats cryptocurrencies like property, meaning every transaction—even small ones—can trigger a taxable event. Critics, including Lummis, say this outdated model places an unnecessary burden on users and innovators alike.

By advocating for zero taxes on crypto, Lummis aims to simplify digital asset usage in everyday life. This could open the door to widespread adoption, helping the US keep pace with countries that are already embracing crypto-friendly policies.

Eliminating taxes could also reduce regulatory confusion and encourage companies to stay in the US rather than moving offshore. This aligns with Lummis’ broader vision of making America a leader in the digital economy.

🇺🇸 Senator Lummis calls for the US government to eliminate taxes on Bitcoin & crypto. pic.twitter.com/5TIQvGqd8G

— Bitcoin Junkies (@BTCjunkies) December 5, 2025

What’s Next for Crypto Policy?

While Lummis’ proposal is bold, it’s still in its early stages. Any significant policy change would require bipartisan support and a shift in how lawmakers view cryptocurrency. Still, her call adds to the growing debate about the future of crypto regulation in the US.

Her stance also sends a strong message: the US must act swiftly if it wants to lead in the next era of financial innovation. With global crypto adoption on the rise, proposals like Lummis’ may gain more traction in the near future.

Read also:

  • Crypto Market Correction After Bullish Run
  • Only 45% Expect Bitcoin to Hit $100K in 2025
  • $710M ZEC Short Squeeze Shocks Crypto Market
  • DTCC Survey: Crypto Spurs Push for Extended Trading Hours
  • Crypto Investor Interest Falls to 26% in 2024
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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