U.S. Senate Republicans push for cryptocurrency in tax and spending bill

币界网报道:According to Semafor, Senator Cynthia Lummis, a Republican of Wyoming, is pushing to add clauses to his party’s tax and expenditure bill to reform how the U.S. taxes on cryptocurrencies. The core content includes extending the "washing rules" of securities trading to the cryptocurrency sector, which is expected to bring billions of dollars in tax revenue, and exempting Bitcoin miners from their obligation to declare profit and loss. Lummis submitted a tax reform plan jointly formulated with Senator Kirsten Gillibrand to Senate Finance Committee Chairman Mike Crapo. Lummis emphasized that there are flaws in the current tax system that need to be revised, while Gillibrand believes that the time for legislation is not yet ripe. Members of the Finance Committee have consulted with President Trump on the content of the bill, and Louisiana Senator Bill Cassidy revealed that the president is concerned about the "work account benefits" clause. If passed, the proposal will become the first systematic crypto asset tax framework in the United States.

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