Senator Lummis and Treasury Secretary Bessent Discuss Bitcoin Taxation and Strategic Reserve

Senator Cynthia Lummis has expressed her readiness to work with the U.S. Treasury to clarify Bitcoin taxation, including the possibility of a de minimis exemption for small transactions. According to NS3.AI, Treasury Secretary Scott Bessent has shown support for clearer digital asset regulations, emphasizing the need to balance innovation with financial stability in the United States. In a recent move, the Treasury announced it will cease selling seized Bitcoin, opting instead to add it to a Strategic Bitcoin Reserve as part of the government's ongoing efforts.