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The post Senator Lummis Introduces New Crypto Tax Bill for Bitcoin Users and Miners appeared first on Coinpedia Fintech News A powerful new crypto tax bill just landed in the U.S. Senate, and it could make a big difference for anyone using or holding digital assets like Bitcoin. Senator Cynthia Lummis is leading the charge to fix what she calls “unfair” and “outdated” tax rules that are hurting innovation and everyday users. So, what’s inside this bill?  No More Taxes on Small Crypto Payments One of the biggest highlights of Senator Lummis’s bill is a special $300 rule. Under this, small crypto transactions like buying lunch or coffee won’t trigger tax reports. That means people can use digital assets like real money without worrying about tax trouble. There’s a limit, though: the total tax-free gains per year must stay under $5,000. Starting in 2026, the $300 amount will also adjust for inflation. This rule could finally make crypto spending as easy as using a debit card. The tax code shouldn’t punish Americans for using new technology. My bill fixes the broken rules around bitcoin and digital assets. MORE  https://t.co/1Wo6zjY8wY — Senator Cynthia Lummis (@SenLummis) July 3, 2025 Fairer Rules for Miners and Stakers The bill also wants to help crypto miners and stakers, people who help run blockchains and earn tokens in return. Right now, miners and stakers often have to pay taxes the moment they receive tokens, even if they don’t sell them.  Meanwhile, with this new bill, taxes will only be due when the coins are sold or used. This helps avoid double taxes and makes it easier for people and companies to plan without worrying about sudden tax bills. Making Crypto Lending and Giving Easier The bill also supports crypto lending. It extends the same tax rules used…

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Filed under: News - @ July 3, 2025 11:25 pm