Senator Lummis proposes crypto tax amendment to major US budget bill

Senator Cynthia Lummis is trying to add a major crypto tax measure to Trump’s “Big Beautiful Bill. ” The amendment seeks to end “double taxation” on staking/mining rewards, taxing them only when sold. It proposes waiving taxes on small crypto transactions below $300 (with a $5,000 annual cap) source: https://coinjournal.net/news/senator-lummis-proposes-crypto-tax-amendment-to-major-us-budget-bill/