Crypto Queen Senator Lummis Says Unfair Tax Laws Threaten BitcoinMenu

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Mustafa Mulla

Jun 11, 2025 08:47 UTC

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Crypto Queen Senator Lummis Says Unfair Tax Laws Threaten Bitcoin

Senator Lummis Wants 1 Million Bitcoin to Slash National Debt

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Senator Cynthia Lummis says current crypto taxes unfairly target Bitcoin miners and DeFi users.

Lummis wants Congress to use reconciliation to quickly pass new, fairer crypto tax rules.

She also introduced the BITCOIN Act to make Bitcoin part of America’s financial plans.

Senator Cynthia Lummis is on a mission to change the unfair crypto tax rules in the U.S. She believes that Bitcoin miners and DeFi users are getting a raw deal under the current system. Lummis says the tax rules are old and don’t work for the fast-growing world of digital assets.

Let’s take a closer look at what’s going on and how this could change the game for crypto in America.

Flawed Rules Target Crypto Investors

Senator Lummis, known for championing crypto causes in Congress, says America’s tax system is too old for modern crypto businesses. She believes it’s stopping new ideas from growing and is hurting miners, who have to pay tax twice, once when they earn block rewards and again when they sell the coins.

This double tax, Lummis argues, makes it hard for miners to make money and expand their businesses. But it’s not just miners who are struggling. 

DeFi users also worry because they might get taxed on every small transaction, even if they don’t make any real profit. 

Lummis says these unfair rules are holding crypto back, and it’s time to fix this.

How Lummis Addresses This Problem

To address these problems, Senator Cynthia Lummis is pushing Congress to use the reconciliation process. This method lets lawmakers pass changes quickly with a simple majority.

Her mission is to narrow down the meaning of “broker” and remove extra rules that make it hard for crypto businesses to grow.