Senator Cynthia Lummis has introduced new legislation aimed at reforming the taxation of Bitcoin and other cryptocurrencies in the United States. The bill proposes to remove capital gains taxes on Bitcoin payments under $300, effectively exempting small personal crypto transactions from taxation. Additionally, the legislation seeks to end the double taxation currently faced by miners and stakers, who are taxed both when they receive block rewards and when they sell their assets. The bill also aims to align digital asset taxation more closely with traditional financial instruments, providing fairer treatment for lending and donations involving cryptocurrencies. Senator Lummis emphasized the need to stop what she described as "unfair tax treatment" to ensure that America maintains its leadership as a global Bitcoin and crypto superpower. This legislative effort follows her earlier attempts to include similar amendments in the Build Back Better (BBB) Act.