Senator Cynthia Lummis intended to introduce an amendment in OBBB to end double taxation for miners and stakers and to establish a $300 de minimis exemption for small crypto transactions

Date

July 1, 2025

Quotes that support claims

The provisions would set a de minimis exclusion setting a $300 threshold and include language on how miners and stakers should be taxed

A one-pager from Sen. Lummis’ office, obtained by reporters, hinted that the provisions would establish a de minimis exemption with a threshold of $300. It includes language about how miners and stakers are required to pay taxes.

For years, miners and stakers have been taxed TWICE," Lummis said on Monday in a post on X. "Once when they receive block rewards, and again when they sell it. It’s time to stop this unfair tax treatment and ensure America is the world’s Bitcoin and Crypto Superpower.

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Week 27 of 2025