Senate Republicans have introduced a bill on cryptocurrency taxation, marking a shift toward tax policy as an immediate legislative priority. This proposal comes after a failed procedural vote on a broader market-structure bill for digital assets. Led by figures like Cynthia Lummis and Steve Daines, the text addresses de minimis exemptions, staking and mining income, and wash sales. The House of Representatives recently approved a similar bill through the Ways and Means Committee, while Senate Finance Chair Mike Crapo hopes to finalize legislation before year-end.
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