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top-crypto-news Regulation

Sen. Cynthia Lummis seeks to exclude taxes on unsold staking or mining rewards as well as transactions under $600

Alex Coin
March 16, 2022
Reading Time: 1 min read
0
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The Lummis bill is still being drafted as of last year, but some proposals have already surfaced, including the exclusion of taxes on small U.S. transactions.

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***

Wyoming Senator Cynthia Lummis is among the U.S. Congresswomen who are not only cryptocurrency-friendly, but also son inversionistas . In fact, he is so enthusiastic about them that he has made some interesting recent statements, for example, in February called on the U.S. Federal Reserve itself to invest investing is when you put money in a financial scheme with the intent of making a gain. in Bitcoin.

Now, in recent days he has been revealing some of the content of the bill he is leading. In December he had already said that would present the project in 2022. Now he has talked about some articles through Twitter one of his companions in the management gave some more extensive statements to the media. Decrypt on the subject.

The senator revealed in Twitter that one of the proposals of your project isexcluir de impuestos a las transacciones pequeñasThe aim is to promote the participation of new investors, excluded from traditional banking and young people.

Here your tweet:

“We must foster a more inclusive financial system. You can’t do that by entangling new entrants (especially the young, underserved or unbanked) in mountains of reporting and compliance. Therefore, a provision to eliminate delta taxes on the delta value of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets for small purchases

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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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