Jack Dorsey Wants A Tax Exemption On Everyday Bitcoin Transactions -- Cynthia Lummis Points Toward A Bill She Introduced

Senator Cynthia Lummis supports tax relief on Bitcoin transactions, echoing Jack Dorsey's call for a "de minimis tax exemption." Lummis introduced legislation addressing this, proposing exemptions for small transactions up to $300 each. Some users argue for higher limits or no taxation on crypto transactions.