BITPRISMIA
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Senator Cynthia Lummis expressed alarm over reports that the U.S. government holds significantly less Bitcoin than previously believed, following revelations from a Freedom of Information Act request.
The article discusses the regulatory changes and developments in the crypto space during the first half of 2025, including pardons, SEC shifts, and the creation of a Bitcoin stockpile, while noting the lack of progress on stablecoin regulation.
U.S. Senator Cynthia Lummis has called for Federal Reserve Chair Jerome Powell's resignation, citing his unfitness to lead the Fed, which has significant implications for monetary policy and the cryptocurrency market.
The U.S. House Ways and Means Committee will hold a hearing on July 16, 2025, to discuss tax policies for the cryptocurrency sector as part of 'Crypto Week.'
U.S. Senator Cynthia Lummis introduced a cryptocurrency tax legislation aiming to reform how digital assets are taxed, including a de minimis rule and tax parity for crypto.
Senator Cynthia Lummis introduced a bill to address unfair taxation of crypto gains, including eliminating double taxation on staking rewards and capping capital gains at $5,000 annually, though it was not included in President Trump's budget bill.
Senator Cynthia Lummis criticizes Senator Jeff Merkley's proposed amendment to ban federal officials from promoting or offering cryptocurrencies, arguing it would harm American innovation and competitiveness.
The U.S. Senate passed a budget bill without including a proposed crypto tax provision, despite lobbying efforts by Senator Cynthia Lummis, and the bill now moves to the House for further consideration.
U.S. Senator Cynthia Lummis proposes a crypto tax amendment to address capital gains and eliminate double taxation for miners and stakers, aiming to encourage digital asset adoption and industry growth.