### ๐บ๐ธ Big News from the U.S. Senate!
**Senator Cynthia Lummis** introduces a **comprehensive digital asset tax reform bill**โaimed at making the U.S. a global crypto leader! ๐
๐งพ **Key proposals in the bill:**
โ **\$300 tax exemption** for small crypto transactions (great for day-to-day use!)
โ **No double taxation** on staking/mining rewards
โ **Equal tax treatment** for crypto and traditional finance (e.g., lending, wash sales)
โ **No valuation report** needed for crypto-based charitable donations
๐ฌ โTo keep America competitive, we must reform our tax code to supportโnot burdenโdigital asset users,โ says Lummis.
๐ According to the Joint Committee on Taxation, this bill could generate **\$60M in net revenue** between 2025 and 2034โ**while promoting growth** in the Web3 economy.
๐ฅ This marks a major step toward **fair regulation, mass adoption**, and boosting the U.S. digital economy.
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