Senator Lummis proposes to exempt small crypto transactions from taxes, ending double taxation for miners and stakers

Key Takeaways Senator Lummis introduced legislation to modernize crypto tax rules and encourage innovation. The proposal includes a $300 de minimis exemption and updated rules for miners, stakers, and lending. Share this article Senator Cynthia Lummis is pushing for digital asset tax reform through new legislation projected to generate $600 million from 2025 to 2034…

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Trump’s Defiance of TikTok Ban Prompted Immunity Promises to 10 Tech Companies

US attorney general Pam Bondi has told at least 10 tech companies, including Apple, Microsoft, Amazon, and Google, that they have “incurred no liability” for supporting TikTok despite the federal ban on providing services to the popular video-sharing app, according to letters disclosed on Thursday. Under orders from President Donald Trump, Bondi has refused to…

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Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W)

The top US crypto exchange platform by trading volume is abruptly adding support for Wormhole (W), causing the native asset of the cross-chain messaging project to rally briefly. In a new announcement, Coinbase Assets says it’s adding Wormhole, an interoperability project that allows communication between blockchains, to its suite of digital asset products. “Wormhole (W)…

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Why Bitcoin Isn’t Soaring? Cryptoquant Analysts Points to 895K Demand Drop Outweighing Institutional Buys

Despite significant bitcoin accumulation by U.S. exchange-traded funds (ETFs) and companies like Strategy (MSTR), broader market demand for the leading crypto asset has contracted sharply, effectively offsetting potential price gains and preventing new all-time highs, according to a July 3, 2025, analysis by Cryptoquant researchers. Institutional Bitcoin Buys Can’t Offset Market-Wide Demand Slump, Cryptoquant Study…

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